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Chinese National Government Starts Small High Tech Fund

publication date: Jul 16, 2007
First National Fund -- China's Ministry of Finance announced that the state will begin a 100 million RMB ($13.2 million) venture capital fund to encourage high tech start-ups. Although individual municipalities inside China have already launched similar (and often larger) funds, this particular fund is a first for the national government. Last month, the municipal government in Tianjin established a 3 billion RMB ($396 million) high tech start-up fund. More details...


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