💨 Abstract

ICBC, the world's largest commercial bank, has announced a $11.04 billion technology and innovation fund to support the private sector, focusing on hard technology like semiconductors and advanced manufacturing. The fund is designed to be patient capital and aims to implement central policies for private enterprise growth, aligning with China's 2025 policy priorities, which include spurring consumption and achieving technological breakthroughs amid geopolitical tensions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖