On October 14, the management and members of the RAUIE held a working meeting with the leadership of the 5 largest venture capital investment funds in Jiangsu Province. During the meeting, the parties discussed the main areas of investment development and cooperation in joint projects.
The Russian side was attended by: Maxim Kuznetsov — Vice President of the RAUIE, Dmitry Ignatiev — Advisor to the Director General of VTB Registrar.
From the Chinese side there were: Luo Shijin - President of Jiangsu Jiuzhou Venture Capital Co., Ltd, Shan Zhigang - General Manager of Changzhou Industrial Investment Group Co., Ltd, Wu Fei - Director of Changzhou Venture Capital Association.
Maxim Kuznetsov spoke about the activities of the RAUIE: “Our members are large and medium-sized Russian and Chinese enterprises, such as Sinosure, Norinko, Brilliance Motors, Zoomlion, Moutai and many others. We have a number of completed investment projects, in particular, direct investments in the medical industry - production of consumables for blood sampling. We prepared a market study for this company, helped to open an enterprise, establish relations with government and business. We also accompanied the attraction of $ 50 million in investments in the timber industry project in the Vologda Oblast. Our task is to help Chinese businesses make money in Russia, ”said Maxim Kuznetsov.
Maxim Kuznetsov also presented the most prospective sectors for investment in Russia: first of all, it is real estate, rental income from which is about 10% per year, agriculture, industry, especially medicine and pharmaceuticals, as there are extensive state support tools, and the Russian market is very profitable due to the low share of local production and import substitution policies. Investments in IT and venture capital investments were also noted. The RAUIE executives promised to prepare a proposal for the Chinese side on industries of interest to them.
Representatives of Jiangsu Province spoke about the association: it was created in 2008, the most important area of which is assistance in finding investments for young entrepreneurs in the field of modern technologies. The fund organizes events to strengthen bilateral cooperation. Under the program, 37 projects were implemented, the total investment of which amounted to more than $ 100 million. In addition to the main activity, the Foundation develops educational programs and continuing education courses for its members. The Chinese side promised to formulate a response proposal from its members for cooperation.
During the event, the Russian and Chinese associations agreed to present each other joint projects in the industrial and venture sectors. RASPP will forward projects of members of the Union to the venture capital funds. At the end of the party, they made a memorable photo and exchanged gifts.
Jiangsu Province began searching for Russian startups at the RAUIE office
6 November 2019
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