Tech Brief (Oct. 31): China Launches $7.2 Billion Fund for Strategic Industries
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Central SOEs launch 51 billion yuan strategic industries fund
A special fund for the development of strategic emerging industries by central state-owned enterprises (SOEs) was launched in Beijing on Oct. 29. The fund, initiated by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and managed by China Reform Holdings Corp. Ltd., has an initial size of 51 billion yuan ($7.2 billion), of which China Reform Holdings plans to contribute about 15 billion yuan. The fund has a five-year investment period, which can be extended by up to two years, and an eight-year management and exit period, for a total of 15 years. It will focus on supporting strategic emerging industries such as artificial intelligence, aerospace, high-end equipment, and quantum technology, as well as future industries including next-generation energy, information, and manufacturing.
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- China Reform Holdings Corp. Ltd.
- China Reform Holdings Corp. Ltd. manages a 51-billion-yuan fund for strategic emerging industries, initiated by SASAC. They are contributing about 15 billion yuan to this fund. The fund has a 15-year total duration and will invest in AI, aerospace, high-end equipment, quantum technology, and future industries.
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- Nital S.p.A.
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- The Italian Competition Authority (AGCM) announced an investigation into DJI and Nital S.p.A.
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- The Ministry of Commerce of China stated that U.S. will suspend for one year the 'Entity List' 50% ownership-penetration rule (announced Sept. 29, 2025) and China will suspend its related export control measures (announced Oct. 9, 2025) for one year after reaching agreements in Kuala Lumpur.
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- Keeta officially began operations in Brazil, launching in the cities of Santos and São Vicente.
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