Categories: Tech & Auto

China launches venture capital funds to invest in 'hard technology', state media report

BEIJING, Dec 26 (Reuters) – China on Friday launched three venture capital funds to invest in "hard technology" areas, state broadcaster CCTV reported. The capital contribution plans for the funds have been finalised, each with more than 50 billion yuan ($7.14 billion), according to the report. Hard technology refers to areas including semiconductors over "soft" technology such as internet services. ($1 = 7.0070 Chinese yuan) (Reporting by Beijing newsroom; Editing by Himani Sarkar)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Share
Published by
Indianews Syndication

Recent Posts

Moneywise Finvest (Stoxkart) Honoured at MCX Awards 2026 for Unique Client Codes

New Delhi [India], August 21: Moneywise Finvest Ltd. (Stoxkart) is an innovative financial brokerage platform…

1 day ago

TTF Mumbai 2026 Drives Momentum as India’s Domestic Travel Market Surges

India’s MICE & Destination Wedding Sector Poised for 12–14% Multi-Year Growth Mumbai (Maharashtra) [India], August…

1 day ago

Deendayal Port Authority, Kandla organised the Kandla Green Hydrogen Conclave 2026 at Gandhidham (Gujarat)

Kandla [Gujarat], India, August 22: Deendayal Port Authority, Kandla organised the Kandla Green Hydrogen Conclave…

1 day ago