Breaking News, World News and Taiwan News.

Updated Friday, November 27, 2009 11:02 am TWN, Bloomberg

China sets state venture capital size at US$36.6 mil.

SHANGHAI -- Local venture capital funds planned by the Chinese government should be at least 250 million yuan in size, the National Development and Reform Commission said on its Web site Thursday. The central government will hold no more than a 20 percent stake in the venture funds, with the stake of local governments not being less than that of the central government's, according to the statement. China said last month it planned to establish 20 venture capital funds in 7 cities to invest in industries including information technology, software and alternative energy.

Subscribe to The China Post and save 25%. Click here

Share

Print

Email


Sponsors
▪	Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Save 70% for hotel in Shanghai and 6000 hotels, in Beijing, Guangzhou, Shenzhen, and all China.
▪	Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.