China's Chongqing to set up 30 bln yuan tech project fund -report

BEIJING, Oct 26 (Reuters) - China’s Chongqing, a sprawling southewestern municipality, is setting up a fund worth 30 billion yuan ($4.10 billion) for projects including for new energy vehicles and semiconductors, Shanghai Securities News reported on Thursday.

The fund will aim to increase investments and attract venture capital institutions to speed up the development of a major industrial hub, according to the report.