Off The Wire
China pledges to expand financing channels for small, medium tech firms
BEIJING (Reuters) - Chinaâ€™s state council said on Wednesday it would expand financing channels for small and medium technology firms, and promised more policies to promote innovation, state television said.
A state council meeting chaired by Premier Li Keqiang agreed that state private equity funds would be encouraged to make investments in technology start-ups, CCTV reported.
The meeting also approved a draft amendment to the patent law with harsher penalties for intellectual property right infringement.
Reporting by Beijing Monitoring Desk; editing by Darren Schuettler