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Bank of China sets up $7 billion fund to support technology development

Cs news7 months ago01 mins

BEIJING (Reuters) – Bank of China has set up a 50 billion yuan ($6.9 billion) fund to invest in technology startups, state media CCTV reported, as the nation’s big state lenders move to support the private economy. The technology and innovation fund, expanded from the 30 billion yuan announced last year, aims to support technology…

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