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Global Trade Alert

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China (Putuo District, Shanghai): Launch of the CNY 5 billion Science and Technology Innovation Fund

Description

On 3 January 2023, the Putuo District Government in Shanghai disclosed the launch of the CNY 5 billion (USD 724.8 million) Banma Suhe Science and Technology Innovation Fund ("半马苏河科创基金"). The stated ob...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

03 Jan 2023

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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