Shanghai to Launch 'Choke Point' Tech Funds, Relax Pre Profit Listing Rules in Key Sectors Shanghai's recent announcement to launch dedicated funds and relax listing rules for pre profit tech firms has sent shockwaves through China's financial circles.
On the surface, this move appears to be a welcome injection of capital into the country's struggling tech sector.
The city is pooling resources from state owned enterprises and private investors to bridge the gap in critical areas, known as "choke points," where investment is desperately needed to propel China's economy forward.