Tech­nol­ogy and fi­nan­cial cen­ter fa­cil­i­tates open­ing-up, lever­ages com­ple­men­tary re­sources

China Daily - - ADVERTORIAL - By HAN LU hanlu@chi­nadaily.com.cn

Chengdu is grasp­ing the op­por­tu­ni­ties cre­ated by China’s Belt and Road Ini­tia­tive by ad­vanc­ing its open­ing-up and tar­get­ing the pan-Eurasian re­gion to cre­ate an in­ter­na­tional in­no­va­tion plat­form for ex­changes.

Home to the first na­tional in­no­va­tion demon­stra­tion zone in west­ern China and the core area of China (Sichuan) Pi­lot Free Trade Zone, Chengdu is ac­tively in­te­grat­ing it­self into the global in­no­va­tion sys­tem, lo­cal of­fi­cials said.

To pro­mote in-depth co­op­er­a­tion and lever­age in­no­va­tion re­sources, the Chengdu Hi-Tech In­dus­trial De­vel­op­ment Zone and Sil­i­con Val­ley City Group — com­posed of the cities of Dublin, Moun­tain View and Menlo Park — and Him Group Hold­ings signed a me­moran­dum of un­der­stand­ing on March 27.

The three par­ties plan to build the Chengdu-Sil­i­con Val­ley Tech­nol­ogy and Fi­nance Cen­ter, a lim­ited li­a­bil­ity com­pany that will be a part of both the Chengdu HiTech Zone and Sil­i­con Val­ley.

The joint ven­ture will help to im­ple­ment uni­fied man­age­ment in the two lo­ca­tions, en­abling projects at different stages to ob­tain mu­tual sup­port and make use of com­ple­men­tary ad­van­tages in China and the United States.

Him Group Hold­ings and the Sil­i­con Val­ley City Group will in­vest $30 mil­lion in the cen­ter. Him Group will pro­vide the cen­ter with op­er­a­tions man­age­ment, project al­lo­ca­tion and con­sult­ing ser­vices.

The Chengdu-Sil­i­con Val­ley

Tech­nol­ogy and Fi­nance Cen­ter will set up three ma­jor busi­ness seg­ments — a tech­nol­ogy trans­fer cen­ter and a fi­nan­cial ser­vice cen­ter in both Chengdu and Sil­i­con Val­ley, and a one-stop ser­vice plat­form based on free trade in Sil­i­con Val­ley.

To pro­mote the man­age­ment of in­tel­lec­tual prop­erty and the re­lease of joint re­search and de­vel­op­ment re­sults, the cen­ter will also serve as an ex­change plat­form for ex­ter­nal tech­nol­ogy man­age­ment, pro­vid­ing sup­port for the pro­mo­tion and ap­pli­ca­tion of Chengdu’s sci­ence and tech­nol­ogy in­no­va­tion projects in Sil­i­con Val­ley, the United States.

Th­ese sup­port ac­tiv­i­ties give en­ter­prises greater im­pe­tus to ex­pand their op­er­a­tions in Sil­i­con Val­ley.

David Haubert, mayor of Dublin, Cal­i­for­nia, said that Chengdu has drawn much at­ten­tion from the world as an im­por­tant city in­volved in the Belt and Road Ini­tia­tive.

He said he be­lieves that Chengdu will take ad­van­tage of greater op­por­tu­ni­ties in Sil­i­con Val­ley by build­ing the tech­nol­ogy and fi­nance cen­ters on both sides.

Of­fi­cials at the Chengdu Hi-Tech In­dus­trial De­vel­op­ment Zone said that the co­op­er­a­tion is the lat­est achieve­ment in the Top Sci­ence Parks Part­ner­ship Plan, a pro­gram ini­ti­ated to form a com­ple­men­tary shar­ing plat­form gather­ing pro­fes­sion­als, tech­nol­ogy, cap­i­tal and in­dus­tries in first-class high-tech parks.

The ini­tia­tive was en­dorsed by more than 20 sci­en­tific and tech­no­log­i­cal parks, in­clud­ing the Chengdu high-tech zone and the Sophia-An­tipo­lis Park in France, aim­ing to build a sci-tech park com­mu­nity of com­mon des­tiny.

PRO­VIDED TO CHINA DAILY

Jin­grong Startup Hub in Chengdu is home to a great num­ber of startup busi­nesses from China and abroad.

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