China Digest: Shanghai sets up IC fund III; Shenzhen Capital builds $41.5m seed fund

China Digest: Shanghai sets up IC fund III; Shenzhen Capital builds $41.5m seed fund

FILE PHOTO: Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo

State investors in China are gathering more capital to support the growth of homegrown deep-tech companies, with new funds being launched this week in Chinese metropolises including Shanghai and Shenzhen.

Edited by: Pramod Mathew

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