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CHINESE INVESTORS - PARTICIPANTS OF THE "GLOBAL INNOVATION PARTNERSHIPS 2012" FORUM – EXPRESS INTEREST IN EXPANDING COOPERATION WITH RUSSIA

It was announced by Zhiqun Shen, Executive Vice President of China Venture Capital and Private Equity Association, speaking at the Forum «Global Innovation Partnership-2012» on October 2-4, 2012 in Moscow.

In order to expand cooperation it is necessary to create an appropriate mechanism between the venture capital associations of China, Russia, and APAC countries. He noted that such cooperative relationship already exists between China and the associations of the United States, Germany, UK, and Japan.

«This time we are going to officially sign a strategic cooperation agreement with the Russian Association of Venture Investments. We believe that strengthening of such cooperation will play an important role in the development of self-regulation of the industry, experiences sharing, uniting capital, and creation of new businesses, »- said Zhigun Shen.

Mr. Shen pointed out that venture capital and private equity investment as an industry is new to China, but currently it undergoes a rapid development.

Participants of «Global Innovation Partnerships 2012» Forum (GIP — 2012) are about 30 representatives of venture funds and investor associations from Hong-Kong, China and Republic of Korea. Among them: CITIC Capital Holding; SAIF Partners; CDH Investments; Northern Light Venture Capital; Shenzhen Capital Group Co., Ltd; Sequoia Capital China; China Venture Capital and Private Equity Association; STIC Investments and Korean Venture Capital Association. They manage funds exceeding $800 bln dollars. Forum is organized by RUSNANO, RVC and the Skolkovo Foundation. The goal of the Forum is to assess perspectives of investments in Russian high-tech projects.

The first Forum in 2010 visited American partners in venture investments and innovations; the second one in 2011 attracted European colleagues. These visits resulted in hi-tech investment projects of more than $1bln.


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