Highlights of the 3rd China-Israel Technology Innovation Investment Summit

On June 27, the third China-Israel Science and Technology Innovation Investment Conference opened. More than 2,700 and 5,200 Chinese and Israeli enterprises attended the conference, including 146 and 255 Israeli enterprises. More than 3,000 B2B business negotiation meetings; The amount of on-site contracts for 13 key projects of China-Israel cooperation reached 2.5 billion US dollars ... China-Israel cooperation has stepped forward in depth and breadth---

On June 27, the two-day 3rd China-Israel Technology Innovation Investment Summit opened in Zhuhai City, Guangdong Province. This conference is not only two years ahead of schedule, but also a record in the depth and breadth of cooperation between China and Israel.  

Innovation Industry Chain Highly Complementary

With the promotion of the construction of "the belt and road initiative" and the establishment of an innovative and comprehensive partnership between the two sides, economic and trade exchanges between China and Israel have become increasingly frequent and innovative cooperation has deepened gradually.

In 2016, China's investment in Israel rose to 16.5 billion US dollars, making China Israel's second largest investor, with 80,000 Chinese tourists visiting Israel. Guangdong Province is the first practitioner of China-Israel economic and trade cooperation. In recent years, it has signed a memorandum of friendly exchanges and cooperation with Tel Aviv. The two sides have continuously strengthened cooperation in economic and trade, science and technology, education, tourism and other fields. Last year, the import and export trade volume between Guangdong and Israel reached 2.25 billion US dollars, accounting for one fifth of the total trade volume between China and Israel during the same period.  

Shea Goldberg, the founder of an Israeli Internet company, visited the Zhuhai International Convention and Exhibition Center on the morning of June 27 and stopped at the enterprise exhibition area to watch. "I have reserved more than 10 Chinese investment enterprises for B2B docking in advance, and I look forward to the docking results very much. Guangdong-Hong Kong-Macao Greater Bay Area is fertile ground for entrepreneurship and investment. I not only hope to find investors to cooperate, but also plan to bring Israeli businesses to China. "

The China-Israel Technology Innovation Investment Summit is an important platform for scientific, technological, economic and trade exchanges and cooperation between China and Israel. It is also the largest Israeli-China special science and technology innovation investment activity to date. It was held in Beijing, China, and Tel Aviv, Israel, in January and September 2016 respectively, attracting thousands of representatives of Israeli and Chinese enterprises and investment institutions.  This year's China-Israel Science and Technology Innovation Investment Conference is rich in content and bright spots, including project signing, keynote speeches by heavyweight guests, thematic round-table forums, road shows for Israeli enterprises, promotion of "4+2" cooperative cities between China and Israel, B2B docking for Chinese and Israeli enterprises, road shows for Israeli enterprises, exhibitions for Chinese and Israeli innovative enterprises, etc. It will also organize road shows for enterprises and docking for thousands of projects in nine fields, including life science, mobile communications and the Internet, Scientific and Technological Finance, robots and artificial intelligence, virtual reality and augmented reality, automation, big data, industrial applications, and clean energy.

The conference provided a platform for exchanges between Chinese and Israeli enterprises and investment companies. According to Li Huaen, deputy general manager of Shenzhen Qianhai Wutong M&A Investment Fund, the Israeli innovation ecological chain is complete and has very fertile innovation soil. "Israeli innovation encourages trial and error and allows failure. It has the most innovative strength in modern agriculture, Security Industry and other fields. There are many opportunities and great space for cooperation with Israeli enterprises. "

"Maker" Chen Xi, who started his hardware business in Zhuhai, believes that Israeli scientific and technological innovation is "very focused, very practical and has a very strong innovation capability at the source". He said, for example, in the field of AR/VR, domestic innovations focus on hardware head-display devices and VR content, while Israel focuses more on optics, sensor design, optimization of underlying algorithms, etc.  

China's huge market and strong investment strength are highly complementary to Israel's "small but beautiful" technology-intensive market. On June 27, the launching ceremony of the China-Israel Innovation Fund was held. The International Cooperation Center of the National Development and Reform Commission will work with key China-Israel cooperation cities and relevant financial institutions to jointly promote the establishment of a national China-Israel innovation fund to provide support and services for promoting China-Israel innovation investment cooperation.  

China-Israel Cooperation Takes a New Starting Point

In June, Zhuhai's Economic and Trade Representative Office in Israel was established, opening a new door for attracting investment in the Middle East. The third China-Israel Technology Innovation Investment Summit can be called the "historic handshake" between Zhuhai and Israel.

Zhuhai is one of the first special economic zones in China to implement the policy of opening to the outside world. Innovation and opening up are the most distinctive features of Zhuhai. As early as 1992, Zhuhai was famous for winning the first national science and technology award. At present, Zhuhai has welcomed a series of new major opportunities such as the upcoming completion and opening of the Hong Kong-Zhuhai-Macao Bridge, the national construction of Guangdong-Hong Kong-Macao-Gulf Group Urban Agglomeration, and the free trade experimental zone.

"Zhuhai has obvious advantages in terms of regional transportation, innovative development and business environment. We must seize the opportunity and take on the mission to make Zhuhai a record high in Guangdong-Hong Kong-Macao Greater Bay Area. In the future, Zhuhai will become a high-end industrial agglomeration highland, an industrial technology incubation highland, an innovative talent highland, a venture capital highland, an intellectual property service highland and a high-quality place. " Guo Yuanqiang, secretary of Zhuhai Municipal Committee, believes that as a world-renowned innovation country, Science and technology in Israel has strong strength and rich innovation resources, and has a high degree of agreement with Zhuhai in the fields of bio-medicine, environmental protection, agriculture and education, and has broad prospects for cooperation.  

The holding of the third China-Israel Technology Innovation Investment Summit in Zhuhai is itself an opportunity brought about by the close cooperation between China and Israel. According to reports, the China-Israel Technology Innovation Investment Summit was initiated by the well-known Israeli investment company Infinity Group. Huafa Group has played an important role in the opening of the Summit in Zhuhai. In 2015, Huafa Group became an important strategic partner of Infinity Group through equity acquisition. Under the impetus of Huafa Group, investment funds under Infinity Group have settled in Zhuhai one after another. Huafa Group also uses Infinity to promote innovative technological cooperation between Zhuhai and Israel to help Chinese enterprises "Go Out".  

Li Xuedong, head of the Foreign Affairs Coordination and Promotion Group of the Office of the National Development and Reform Commission's Leading Group for Promoting the Construction of "the belt and road initiative", believes that on the 25th anniversary of the establishment of diplomatic relations between China and Israel, the cooperation between the two countries is facing a new starting point. He suggested: First, make good use of the economic cooperation mechanism between the Chinese and Israeli governments to comprehensively expand and strengthen practical cooperation between the two sides; Second, deepen local cooperation and innovate cooperation modes. Support domestic provinces and cities to carry out mutually beneficial cooperation with Israel and accelerate the research and development and industrial application of Israeli advanced technologies in China; The third is to promote exchanges between enterprises of the two countries and push more projects to land.