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China to establish RMB100 bln security industry development fund

BEIJING
2015-11-05 21:18

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China will establish a 100-billion-yuan development and investment fund for the security industry.

The Ministry of Industry and Information Technology, State Administration of Work Safety, China Development Bank and Ping An Insurance inked a strategic cooperation agreement on the establishment of the fund on Thursday in Beijing.

The fund will mainly support new technologies, products, equipment and service modes of the security field.

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