Beijing launches $4.6bn science and technology fund
Posted on 29 June, 2018 by Chris Torney, reporter
The city’s government plans to use the vehicle in invest in up to 100 global funds.
Authorities in Beijing have this week launched a new RMB30bn ($4.6bn) fund-of-funds aimed at investing in global technology-related funds, China Money Network has reported.
The Beijing Science & Technology Innovation Fund will focus on 14 sectors ranging from AI and big data to biotech and quantum communication.
See more from this Government Report: People's Republic of China
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