Michael Pettis: China launches $1 trillion national venture capital fund to boost tech innovation

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28.02.2026

Michael Pettis: China launches $1 trillion national venture capital fund to boost tech innovation — China launches $1 trillion VC fund

China has established a national venture capital guidance fund with an estimated total scale of $1 trillion, according to Michael Pettis.

The fund aims to accelerate technological innovation nationwide, backed by a significant enhancement of bank credit support for the sector. Additionally, the scale of relending for technological innovation has been expanded as part of efforts to drive advancements in technology.

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