The Bank of China will provide special funding support of 60 billion yuan for technology-based enterprises.

Bank of China recently announced that it will allocate a special fund pool of 60 billion yuan to meet the financial needs of technology-based enterprises, including 10 billion yuan in equity investment funds and 50 billion yuan in credit funds. The pilot program will be launched in Beijing, Shanghai, Jiangsu, Shenzhen, and Hangzhou, aiming to foster at least 100 high-quality enterprises with key core technologies.