Big news from China! The Industrial and Commercial Bank of China (ICBC), one of the world's biggest banks, is starting a huge fund. It's like a giant piggy bank filled with money to help new technology companies grow. This fund is all about supporting important technologies, not just apps and websites.
This is a big deal because it shows China wants to become a leader in creating new technologies. The bank is planning to invest carefully, not just looking for quick money.
They are focusing on things like making computer chips and advanced machines. This could lead to lots of exciting new inventions in the future!
- China's ICBC is creating a massive $11 billion fund.
- The money will help tech companies that create important new things.
- This shows China wants to improve its technology.
| Fact | Number |
|---|---|
| Fund Size (USD) | $11.04 billion |
| Fund Size (Chinese Yuan) | 80 billion |
