CICC sets up second FoF to pool billions for China’s tech growth

CICC sets up second FoF to pool billions for China’s tech growth

Photo by Towfiqu barbhuiya on Unsplash

China International Capital Corp (CICC) has launched its second fund-of-funds (FOF) series under the CICC Qiyuan brand to carry on with investments in China’s homegrown tech innovations by pooling a total of 10 billion yuan ($1.4b).

Edited by: Padma Priya