The Chinese government will establish three investment funds with a combined capital of $ 1 billion, which will be investing in Israeli start-up company.
The first Sino-Israeli technology investment Fund, with a capital of $ 440 million, will be managed by the Hong Kong company Compass Ventures General Group.
As «kalkalist» the Fund has already received all necessary approvals from the Chinese authorities. He will officially open on Wednesday, June 14, but unofficially, the Fund staff have already held meetings with representatives of 24 Israeli companies.
The main objectives of the Fund company in the field of internal security, robotics, automotive and cyber security.
Despite the fact that the Fund is Chinese, lead it is an Israeli businessman Ronen Dagon.
Two more Chinese investment Fund will be established within 2018. One will deal with companies in the areas of environment and agriculture, and the second – technology «smart city».