BEIJING (Reuters) – China’s National Financing Guarantee Fund will share more risks with small and medium sized technology enterprises, the finance ministry said on Friday, in a bid to leverage financial resources to support technological innovation.
The proportion of insurance covered by the state fund will be increased from 20% to a maximum of 40%, the ministry said.
(Reporting by Ethan Wang and Liz Lee; editing by Christina Fincher)
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source: https://theprint.in/tech/chinese-state-fund-to-increase-risk-sharing-with-smaller-tech-firms/2192644/
