{
Liao Lin

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001122334455554433221100
001122334455554433221100

ICBC launches 11 billion dollar fund for technology and innovation sectors

The Industrial and Commercial Bank of China (ICBC) has launched an 80 billion yuan (US$11.04 billion) technology and innovation fund aimed at supporting "hard technology" sectors, including semiconductors and advanced manufacturing. Chairman Liao Lin emphasized that the initiative aligns with central leadership directives to bolster private enterprises and promotes "patient capital" for long-term development over immediate profits.
Tech in Asia
Chinese Yuan United States Dollar CHN Liao Lin
Finance & Economy, News Article
05:00 13.03.2025
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Corporate News Startups & Entrepreneurship Economic Indicators Global Trade Developments Market Analysis and Predictions
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