Global Trade Alert
Global Trade Alert

China: Launch of CNY 5 billion special fund for independent innovation in Zhongguancun

Announcement

30 May 2023

In May 2023, China's National Council for Social Security Fund announced its plan to launch a CNY 5 billion Zhongguancun Independent Innovation Special Fund to support science and technology innovation enterprises in Zhongguancun, Beijing. The fund was officially launched on in July 2023.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

19 Jul 2023

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 30 May 2023, China's National Council for Social Security Fund announced its plan to launch a CNY 5 billion (USD 707 million) Zhongguancun Independent Innovation Special Fund to support science and...

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