Beijing sets up $1.3 billion war chest for innovation# EE - 电子工程
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SHANGHAI, China — Beijing-based Tsinghua Science Park is putting together a
$286 million investment fund, backed by another $1 billion in guaranteed
loans, with the intention of encouraging innovation and helping transform
several local firms into global competitors that can be listed on domestic
or overseas stock exchanges within five years.
Park officials said they have targeted ten companies as candidates this year
as so-called "diamond enterprises," including mobile communication chip
provid
$286 million investment fund, backed by another $1 billion in guaranteed
loans, with the intention of encouraging innovation and helping transform
several local firms into global competitors that can be listed on domestic
or overseas stock exchanges within five years.
Park officials said they have targeted ten companies as candidates this year
as so-called "diamond enterprises," including mobile communication chip
provid