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China provides more fundraising channels to boost innovation by central government-controlled enterprises

( November 14, 2022, 04:57 GMT | Official Statement) -- MLex Summary: China’s central government-controlled enterprises are being encouraged to raise funds by issuing corporate bonds for tech innovation and to pilot a program that involves the operation of real estate investment trusts, or REITs, in infrastructure sectors such as data centers, the industrial Internet and artificial intelligence, according to a notice issued jointly by the China Securities Regulatory Commission and the State-owned Assets Supervision and Administration Commission of the State Council. The move aims to provide medium- and long-term financing support to high tech companies and promote integrated development of large and small businesses along the entire industrial chain.The full text of the notice follows:...

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