Shanghai to launch ‘choke point’ tech funds, relax pre-profit listing rules in key sectors

Shanghai is exploring dedicated funds to tackle “choke point” technologies and new channels for offshore yuan capital to invest in China’s tech board, while allowing pre-profit tech firms in AI and nuclear fusion to go public. The municipal government will encourage the launch of dedicated funds focused on addressing “supply-chain gaps and breaking through ‘choke point’ technologies”. The funds would pool investment from corporate investment arms of state-owned enterprises, government-backed...