The National Development and Reform Commission (NDRC) has agreed to begin working alongside China Development Bank (CDB) and the Shenzhen Stock Exchange to support the development and innovation of high-tech enterprises, Xinhua reported (in Chinese). The NDRC, China's top planning agency, signed memoranda of understanding with CDB and Shenzhen Stock Exchange. Under the agreements, CDB will invest US$10.7 billion in the country's high-tech sector over the next five years and the Shenzhen Stock Exchange will launch a new growth enterprise board in a bid to support high-tech companies.
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