With growing tech industry, China has aimed to invest heavy funds in tech sector to bolster industry and revenue.
Chinese state broadcast media reported on Friday December 26,2025 that China has launched three venture capital funds to invest in "hard technology" areas.
According to Reuters, the capital contribution plans for the funds have been finalised, each with more than 50 billion yuan ($7.14 billion), states report.
An official stated on Friday that the funds will primarily invest in early-stage startups and the targets should be valued at less than 500 million yuan adding that no single investment would amount to more than 50 million yuan.
The funds' expected targets include firms focused on integrated circuits, quantum technology, biomedicine, brain-computer interfaces, aerospace, and other key hard technologies.
Additionally, investment in "soft" technologies would include internet services.