China's state semiconductor fund to trim stakes in tech stocks

China's state semiconductor fund to trim stakes in tech stocks

Commercial buildings including the China Central Television (CCTV) Headquarters, center, stand in the central business district of Beijing. Photographer: Tomohiro Ohsumi/Bloomberg

China’s state-backed semiconductor fund announced plans to reduce holdings in some tech firms, even as foreign investors continued to add exposure to the country’s tech sector.

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