The Bank of China has launched a 50 billion yuan (US$6.9 billion) fund to invest in technology startups.

This builds on its previous 30 billion yuan (US$4.15 billion) fund, aiming to foster innovation and support emerging industries.

The move aligns with China’s 2025 policy priorities, which focus on boosting consumption and tackling challenges amid geopolitical tensions with the US.

It also follows a similar initiative by the Industrial and Commercial Bank of China, which introduced a tech and innovation fund to support the private economy.