China’s 10 ministries: direct more patient capital to seed-stage SMEs

TREE NEWS update: China’s Ministry of Industry and Information Technology and nine other agencies issued the 15th Five-Year Plan for Promoting SME Development, urging efficient use of government investment funds to channel more patient capital into seed- and early-stage small firms. The plan encourages entrepreneurship and explores applications in emerging industries such as new energy, robotics, quantum tech, and embodied AI, while supporting incubation and university science parks.