Market Chatter: ICBC Rolls Out 80 Billion Yuan Tech Fund

MT Newswires Live

2025/03/13

Industrial and Commercial Bank of China (HKG:1398, SHA:601398) introduced an 80 billion yuan technology and innovation fund for China's private enterprises, Reuters reported Wednesday.

The fund will help support "hard technology" such as semiconductors and advanced manufacturing through equity investments, the report said.

The fund will also be positioned as "patient capital," which will be prioritized over the rush for quicker gains, Reuters said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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