Venture capital funds to get more money from govt
By Cai Xiao | China Daily | Updated: 2014-08-13 07:26
Move expected to benefit startups, small and medium-sized companies
The central government has allocated 2 billion yuan ($324.8 million) to take stakes in 49 venture capital funds, a move that it hopes will attract additional investors, the Ministry of Finance said in a statement on Tuesday.
Local governments will also take stakes in these funds.
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