China Launches a $47.5 Billion Fund to Bolster AI Chip and other Semiconductor Industry
TMTPost -- China launches a new fund with multi-billion dollars to bolster the semiconductor industry amid increasing tech curbs from the Western world. Credit:Xinhua News Agency The China Integrated Circuit Industry Investment Fund, a state-owned investment company also know as the Big Fund, has established a limited liability company called the third phase of National Integrated Circuit Industry Investment Fund on May 24, according to the National Enterprise Credit Information Publicity System (NECIPS), a Chinese governmental credit information agency. With a registered capital of RMB344 billion (US$47.5 billioin), the new fund, or the Big Fund III, has been allowed to engage in private equity investment fund management, venture capital fund management services, activities backed by
A/H Premium Tracker (To 3 May 2024): Minimal Moves in 2-Day Week
⬆ $ICBC (H)(01398)$ - AH Premia were mixed this past 2-day week. High premia saw As outperform. Low premia saw Hs outperform. HK stocks boomed Thurs/Fri so As may boom this week. I still think AH Premia direction is down. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/a-h-premium-tracker-to-3-may-2024-minimal-moves-in-2-day-week?utm_source=tiger_community By Travis Lundy, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/travis-lundy?utm_source=tiger_community On ICBC (H) (01398):- https://www.smartkarma.com/entities/industrial-and-commercial-bank-of-china-limited?utm_source=tiger_community
ICBC - Maintaining its track record of stable profits
⬆ $ICBC (H)(01398)$ - FY23 net profit growth of 0.8% was roughly in line; this is the ninth time in 10 years it has delivered low-single digit net profit growth. FY23... Continue reading on Smartkarma:- https://www.smartkarma.com/insights/icbc-maintaining-its-track-record-of-stable-profits?utm_source=tiger_community By CGS CIMB Research, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/cgs-cimb-research?utm_source=tiger_community On ICBC (H) (01398):- https://www.smartkarma.com/entities/industrial-and-commercial-bank-of-china-limited?utm_source=tiger_community