💨 Abstract

Bank of China has established a 50 billion yuan fund to invest in technology startups, aiming to support technology and emerging industries. This move is part of China's effort to bolster the private economy and achieve technological breakthroughs amid geopolitical tensions with the U.S. The fund follows a similar initiative by Industrial and Commercial Bank of China, the world's largest commercial lender by assets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖