Beijing launches $4.6bn science and technology fund

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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