TLDR:
China is taking steps to attract international venture capital into its technology sector. This includes allowing international investors to set up yuan funds in China for domestic investments and encouraging qualified institutions to issue corporate bonds and debt financing instruments to support their investments.
Key points:
- China plans to introduce measures to attract venture capital into the technology sector, including from overseas.
- International investors will be able to set up yuan funds in China for domestic investments.
In a notice issued on Wednesday, the government announced that international investors will have the opportunity to establish yuan funds in China to invest domestically in the technology sector. This move is aimed at encouraging more foreign investment in Chinese technology companies and promoting innovation and growth in the sector.
Additionally, qualified institutions will be encouraged to issue corporate bonds and debt financing instruments to support their investments in the technology sector. This will provide more funding options for investors looking to support the development of innovative companies in China.
The government’s efforts to attract international venture capital into the technology sector reflect China’s commitment to fostering innovation and growth in this critical industry. By opening up new opportunities for foreign investors to participate in the market, China is positioning itself as a global leader in technology and innovation.
