Chinese state fund to increase risk-sharing with smaller tech firms

07/26/2024

Less than a minute

2024.07.26 05:49

© Reuters. FILE PHOTO: A general view shows Beijing's skyline on a sunny day, China January 10, 2017. REUTERS/Jason Lee/File Photo

BEIJING (Reuters) – China’s National Financing Guarantee Fund will share more risks with small and medium sized technology enterprises, the finance ministry said on Friday, in a bid to leverage financial resources to support technological innovation.

The proportion of insurance covered by the state fund will be increased from 20% to a maximum of 40%, the ministry said.

07/26/2024

Less than a minute

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