Bank of China (HK:3988) has released an update.
Bank of China Limited has announced a significant RMB21.5 billion investment in the China Integrated Circuit Industry Investment Fund Phase III, aiming to support the integrated circuit industry and align with national development strategies. The investment, funded by the bank’s own capital, reflects its strategic commitment to serving the real economy and fostering sustainable economic and social development. The decision, which has been approved by the bank’s Board of Directors and does not require shareholder approval, has also been sanctioned by the National Financial Regulatory Administration.
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