Shanghai launches a 10-billion-yuan fund for emerging industries and tech investments, managed by Shanghai State-owned Capital Investment, with a 15-year term.

Shanghai has launched a 10-billion-yuan (approximately $1.41 billion) fund to support emerging industries and enhance early-stage technology investments. Financed entirely by the municipal government, the fund has a 15-year term, extendable by three years. Managed by Shanghai State-owned Capital Investment Co., Ltd., this initiative aims to propel Shanghai as a global hub for innovation, announced during the 2024 Pujiang Innovation Forum.

September 07, 2024
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