China's ICBC launches $11 billion technology innovation fund

Reuters

03/12

BEIJING, March 12 (Reuters) - Industrial and Commercial Bank of China 601398.SS1398.HK said it launched a 80 billion yuan ($11.04 billion) technology and innovation fund to support private economy, according to a statement released by the big state-owned bank on Wednesday.

($1 = 7.2448 Chinese yuan)

(Reporting by Beijing Newsroom; Editing by Himani Sarkar)

((Ziyi.Tang@thomsonreuters.com;))

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