Bank of China (03988.HK) has announced the launch of a substantial technology and innovation fund of funds, valued at RMB 30 billion. This fund is set to target investments in critical areas, including artificial intelligence (AI), quantum technology, and biotechnology, with the goal of fostering technological innovation and advancing industrial upgrades.
Strategic Collaboration for Fund Establishment
As the initiator and manager of the fund, BOC International (China) will collaborate with local governments and major industrial enterprises to establish the fund in multiple batches and phases. This strategic approach aims to maximize the impact of the investments and support the development of cutting-edge technologies across key sectors.
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