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ICBC launches $11.04 billion fund to invest in tech sectors, aligning with China's 2025 policy goals.
China's Industrial and Commercial Bank of China (ICBC) has launched an 80 billion yuan ($11.04 billion) fund to invest in "hard technology" areas like semiconductors and advanced manufacturing, supporting the private economy.
This aligns with China's 2025 policy goals to boost consumption and technological innovation amid tensions with the U.S.
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ICBC lanza un fondo de $11.04 mil millones para invertir en los sectores tecnológicos, alineado con los objetivos de política de China 2025.