China Aerospace Science and Technology Corp Leads Fundraise for SOE Innovation Fund

Beijing-based China Aerospace Science and Technology Corporation is a state-owned enterprise (SOE) that is the main contractor for China’s space program. China Aerospace Science and Technology is backing a fund with other SOEs and state-backed banks to form the named State-Owned Enterprises China Innovation Fund, targeting 150 billion RMB (US$ 21.76 billion) in a fund raise. The fund will focus on 3D printing, renewable energy, vehicles powered by new forms of energy, robotics, biomedicine, and yes, quantum teleportation.

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