Bank of China Launches $7 Billion Tech Fund to Boost Innovation
2025-03-14
AOL
The Bank of China has established a 50 billion yuan ($6.9 billion) technology and innovation fund to support the growth of tech startups, as reported by state media CCTV. This move is part of a broader effort by China's major state-owned banks to stimulate the private economy and foster technological advancements. The fund is expected to play a significant role in promoting innovation and entrepreneurship, with a focus on emerging technologies such as artificial intelligence and fintech. By investing in tech startups, the bank aims to drive economic growth and stay competitive in the digital age.
