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China paves way for major govt influx into venture capital

State Council wants more govt agencies and companies to funnel money into private startups
Thursday, September 22, 2016 - 05:50
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In past years, Beijing has encouraged entrepreneurism to galvanise a slowing economy, and begun to play a major role in startup investment.

Hong Kong

CHINA'S government is developing a bigger appetite for venture capital (VC).

The State Council is encouraging more government agencies and companies to funnel money into private startups while getting the state to take part in the nation's technology boom. In a new