China launches venture capital funds to invest in 'hard technology', state media report

China launches three venture capital funds, each over 50 billion yuan, to boost investments in hard technology sectors like semiconductors.

Reuters

26 December 2025 at 03:15:03

China Launches $7.14B Venture Funds to Boost Hard Technology Investments

Reuters

BEIJING — China on Friday launched three venture capital funds to support investment in “hard technology” sectors, state broadcaster CCTV reported.

According to the report, each fund will receive a capital contribution of more than 50 billion yuan ($7.14 billion).

Hard technology refers to fields such as semiconductors and advanced manufacturing, as opposed to “soft” technology like internet services.

($1 = 7.0070 Chinese yuan)

-Reporting by Beijing Newsroom; Editing by Himani Sarkar/Reuters

China has unveiled three new venture capital funds, each exceeding 50 billion yuan ($7.14 billion), aimed at boosting investment in “hard technology” sectors such as semiconductors. The move, reported by state broadcaster CCTV, highlights Beijing’s focus on strengthening strategic industries over softer tech areas like internet services.