The government of Beijing has established an RMB 30 billion ($4.6 billion) fund that will invest in high-level technology innovations worldwide, with plans to increase the corpus further to RMB 100 billion ($15 billion) in the future, according to a Xinhua report.
The fund, Sci-Tech Innovation Investment Fund of Fund, will be managed by Beijing Science & Technology Innovation Investment Management set up by the Beijing Municipal Science & Technology Commission.
