China says venture funding rebounds, with investors backing AI and quantum
Qiu Yong said fundraising in China’s equity investment market exceeded 1 trillion yuan in H1 2026, up 49% year-on-year, with focus on hard-tech and future industries including artificial intelligence and quantum technology.
BEIJING, Sept 29 (Reuters) — China's venture capital sector is recovering, with investment in early-stage startups, smaller companies, long-term projects and hard-tech industries becoming a key market trend, China's vice science and technology minister Qiu Yong said on Tuesday, state media CCTV reported. 17 billion) in the first half of 2026, up 49% from a year earlier, Qiu told a press conference. Qiu said investments were focusing on hard-tech and future industries such as artificial intelligence and quantum technology, supporting breakthroughs in key technologies and the commercialisation of research results. com;)