A Formal Cooperation Memo was Signed to Set up the“ZGC International Innovation Fund”.

A series of activities to commemorate the 40th anniversary of the twin-city relations between Beijing and Tokyo were held in Tokyo, Japan, between June 7 and 9, 2019. 


At the “2019 Financial Industry Fair for Japanese Enterprises to Invest in Beijing”, one of the main event of this series, the ZGC Development Group, Mizuho Bank (Japan) and Mizuho Bank (China) formally signed a memorandum of cooperation on the establishment of “ZGC International Innovation Fund”. 

On the stage, Zhao Changshan, chairman of the ZGC Development Group, Masatoshi Sugahara, executive director of Mizuho Bank (Japan) and Shi Yuanzhi, director of Mizuho Bank (China) signed the memo. It is one of the important moves taken by the ZGC Development Group and Mizuho Bank (Japan) to deepen strategic cooperation and improve the international service capability of the ZGC Group. This fund will link international entrepreneurial service resources, provide resource guarantee and financial support for the sci-tech innovative businesses in Zhongguancun to go abroad and for the global sci-tech start-ups to come to Zhongguancun. Also, it is one of the vital fruits of the 40th anniversary of the twin-city relations between Beijing and Tokyo. In the future, it will become a new window for dialogues and exchanges between China’s sci-tech innovation factors and the global sci-tech innovation highlands.  

During the “Beijing Week”, the “Zhongguancun Sci-tech Innovation Theme Exhibition” was held to actively promote the development achievements of China’s high-tech industries represented by the ZGC Development Group and to showcase the innovation cooperation between high-tech industries of Zhongguancun and Japan. 

Using displaying boards, electronic screens and technology exhibits as media, the exhibition fully displayed the remarkable achievements of innovations and development of the ZGC Group, its ability to pool innovative resources and its vibrant spirit of innovation. Also, it also highlights the important role of the ZGC Group as a market-oriented platform for pooling international innovation resources and serving innovations and development. 

It is worth mentioning that, BOE, CloudMinds and other Zhongguancun enterprises that have long been actively involved in China-Japan sci-tech innovation cooperation have presented their cutting-edge technological achievements and products at the exhibition. Visitors can observe in close range the advanced tech innovations from sectors like AI, new materials, smart equipment and so on in Zhongguancun, and feel the charm of “Chinese intelligent manufacturing” in improving living quality and integrating with Japanese cutting-edge science and technology. 

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