日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Economy

Markets

Industries

Insights

Reports

Events

Funds launched to back hi-tech sectors

(Xinhua)
Updated: 2009-10-31 00:42

China's central government launched 20 venture capital funds with seven local governments on Friday to provide investment in the country's hi-tech sectors, the top economic planner said in a statement on its web site.

The investment would go to hi-tech sectors including the electronic and information sector, biological and pharmaceutical industry, new energy sector and projects related to energy conservation and environmental protection, the National Development and Reform Commission (NDRC) said.

Related readings:  SMEs meet investment funds  Digital China calls for central government funds for IT SMEs  PE funds shop other sectors  Venture capital market enjoys surge in funds

The 20 funds would collect about 9 billion yuan ($1.31 billion), of which, 1 billion yuan was invested by the central government, 1.2 billion yuan by local governments and the rest from private investment, the NDRC said.

The funds were aimed to direct capital into new industries and competitive hi-tech enterprises to push forward self-innovation, it said.

The NDRC and the Ministry of Finance signed the agreement with 7 local governments of Beijing, Jilin, Shanghai, Anhui, Hunan, Chongqing and Shenzhen.