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BOC Plans to Provide No Less Than RMB1T in Comprehensive Financial Support for AI Industry Chain Next 5 Yrs
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BANK OF CHINA (03988.HK)(601988.SH) plans to provide comprehensive financial support totaling no less than RMB1 trillion for various entities in the entire artificial intelligence (AI) industry chain over the next five years, Vice Chairman and President Zhang Hui revealed. The first five months have seen smooth operations, and BOC has already established cooperation with over 2,300 core enterprises in the AI industry chain, with a credit balance exceeding RMB390 billion, Zhang added. Since the release of the plan, BOC has added nearly RMB100 billion in new financing, providing comprehensive services such as equity and bonds involving funds close to RMB80 billion. AASTOCKS Financial News Website: www.aastocks.com |
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