Industries > Finance

China chooses city commercial banks to join trial venture capital scheme

Xinhua Financein BEIJING
2015-12-18 15:17

Already collect

China has chosen several city commercial banks to participate in a pilot program that allows them to make loans to technology startup companies, and in the meantime provide these startups with financing via venture capitalists that are controlled by banks, according to a report by Shanghai Securities News on Friday.

Earlier in October, media reports said that China's banking regulator was working on trial measures that would encourage banks to invest in technology startups through bank lending, as well as venture capital vehicles.

Related News
Add comments

Latest comments

Latest News
News Most Viewed