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China launches venture capital funds to invest in 'hard technology', state media report

Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo Purchase Licensing Rights, opens new tabBEIJING, Dec 26 (Reuters) - China on Friday launched three venture capital funds to invest in "hard technology" areas, state broadcaster CCTV reported.The capital contribution plans for the funds have been finalised, each with more than 50 billion yuan ($7.14 billion), according to the report.Make s...

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