US$21.8b fund set up

Source: Xinhua | 2017-05-17

CHINA Aerospace Science and Technology Corp has formed a fund of 150 billion yuan (US$21.8 billion) with a group of centrally administered state-owned enterprises to invest in emerging strategic industries. 

The fund, with an initial pledge of 113.9 billion yuan, will target the 3D printing, aerospace, biological medicine, clean energy, high-speed railway, information technology, nuclear energy, power grid, quantum communication, robotics and shipping industries, among others.