BEIJING (Reuters) -China said on Wednesday it would further enhance capital market support for science and technology innovation enterprises and would expand bank credit support for the firms. China would expand its pilot programme for financial asset investment companies (AICs) that aims to bring more equity investment to tech innovation firms, according to guidelines jointly […]
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China says to accelerate financial support for sci-tech innovation
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BEIJING (Reuters) -China said on Wednesday it would further enhance capital market support for science and technology innovation enterprises and would expand bank credit support for the firms.
China would expand its pilot programme for financial asset investment companies (AICs) that aims to bring more equity investment to tech innovation firms, according to guidelines jointly released by seven authorities including China’s science and technology ministry.
China would also support tech innovation firms to list abroad, the guidelines said.
(Reporting by Beijing Newsroom; Editing by Alex Richardson)