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Chinese Government Supports Tech Startups Amid Venture Capital Contraction

China Market Intelligence Sherri Zhang

Key Takeaways

  • The decline of venture capital activity in China has prompted Beijing to implement new financing mechanisms for tech startups.
  • The government is deploying diverse support tools, including an RMB 500 billion tech financing program, SOE venture funds, and enterprise-finance matching platforms.
  • China is also establishing mechanisms to address tech companies’ commercialization challenges and broaden access to financing.

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