China commits US$1.3b in venture funds for British biotech firms

Future Planet Capital and Eight Great Technologies will invest the funds in Britain's most innovative biotech, medicine and life sciences companies China's increasing zeal for improving biotechnology and medical services is music to the ears of the British government after two venture capital firms received 8 billion yuan in funding commitments from mainland investors during Prime Minister Theresa May's three-day visit last week. Future Planet Capital and Eight Great Technologies signed the memorandums of understanding with Chinese investment firms, which was witnessed by Liam Fox, Secretary of State for International Trade, which will invest the funds in Britain's most innovative biotech, medicine and life sciences companies.

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