China's ICBC unveils $11b technology innovation fund

China's ICBC unveils $11b technology innovation fund

FILE PHOTO: People visit the Industrial and Commercial Bank of China (ICBC) booth at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 3, 2021. REUTERS/Florence Lo/File Photo

Industrial and Commercial Bank of China, the world’s biggest commercial lender by assets, announced on Wednesday the launch of an 80 billion yuan ($11.04 billion) technology and innovation fund to support the private economy.

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