China Launches Billions in Venture Funds for Tech Self-Reliance, 'Little Giants'

• China rolled out a national venture capital fund (100 billion yuan) and three regional funds (50 billion yuan each) to boost domestic tech firms.
• The initiative aims to achieve technological self-reliance amid US competition and address limited investment in emerging industries.
• The national fund, backed by ultra-long special sovereign bonds, will operate for 20 years, focusing on long-term growth.
• It prioritizes seed-stage and startup firms (70% of investments) valued under 500 million yuan, with individual investments capped at 50 million yuan.
• Priority sectors include integrated circuits, quantum technology, biomedicine, brain-computer interfaces, and aerospace.

Why It Matters: China invests billions in new venture funds to foster tech innovation and self-reliance, targeting startups and 'little giants'.