Bank of China sets up $4.21b FOF to invest in homegrown tech innovations

Bank of China sets up $4.21b FOF to invest in homegrown tech innovations

Chinese 100 yuan banknotes and a U.S. one dollar banknote are seen in this file picture illustration taken in Beijing, China, January 21, 2016. REUTERS/Jason Lee/Files

Eudora Wang

27 August, 2024

Bank of China (BOC), a wholly state-owned commercial bank, has officially set up a fund-of-funds (FOF) to invest up to 30 billion yuan ($4.21 billion) in technological innovations in China’s private market.

Edited by: Joymitra Rai

AIBank of ChinabiotechBOCcommercial banksFOFquantum technology

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter

You may also like

Read more from Greater China

Nikkei Logo
DealStreetAsia Logo
About Us
Team
Advertise
Contact
Careers
Blog
Privacy Policy
Terms & Conditions
© Copyright DEALSTREETASIA 2014-2025 All rights reserved.