Beijing is to host the largest-ever China-Israel investment and technology summit. The event, organized by Israel’s Ministry of the Economy and the Infinity Fund, will be held on 4-6 January 2016, hosting more than 1,000 entrepreneurs, businesspeople, and investors from the two countries, as well as senior Chinese and Israeli government officials, headed by Israeli Minister of National Infrastructures, Energy and Water Resources Yuval Steinitz, China’s Minister of Science and Technology Wan Gang, and Director General of Israel’s Ministry of the Economy Amit Lang.
Infinity Israel-China Fund managing director Eyal Rosenthal said, “Chinese investment in Israeli technologies will exceed $10 billion within five years." The summit will include presentations by top Israeli companies in their fields and the matchmaking network of Chinese funds and investors with Israeli companies and entrepreneurs.
The China-Israel Investment Summit has been organized in response to the growing interest by Chinese companies in the Israeli economy in recent years, and the acquisition of Israeli companies. The summit has the full support of Chinese government and has the assistance of the Israeli Embassy in Beijing. The objective of the summit is to encourage collaboration by Israeli and Chinese companies in technology, innovation, and investment.
More than 1,000 guests are expected to attend the summit. In addition, as part of the collaboration between the two countries, ministers from China and Israel are due to participate, alongside representatives of Chinese government agencies the National Development and Reform Commission (NDRC) and the Ministry of Science and Technology (MOST).
Participating Chinese corporate giants at the China-Israel Technology, Innovation & Investment Summit will include Alibaba, Baidu, Cheetah Mobile, China National Chemical Corporation (ChemChina), BYD Auto, Sinopharm Group Company, GAC Group, Tencent, Jingdong Mall, BOE Technology Group, Xiaomi, and China National Cereals, Oils and Foodstuffs Corporation (Cofco), as well as financial institutions such as the China Development Bank and Fosun International. Private Chinese investors seeking investment and cooperation opportunities with Israeli companies, and representatives from 35 top investment funds such as Sequoia Capital,, Legend Capital, Metrix, IDG, Hony Capital, CITIC Capital, China International Capital Corporation (CICC), and SVGwill also attend.
More than 250 executives and managers from Israeli venture capital funds and high-tech companies will attend the summit, including ReWalk, Itamar Medical, Kaiima, Cortica, Water-Gen, ThetaRay, eToro, IDE Technologies, Celltick, Credorax, VisualLead, Servatronix, Appsflyer, and ironSource. They will be joined by other industry leaders from the Smart Cities, Medical Devices, Agritech, Cleantech, the Internet, and Mobile fields.
The China-Israel Technology, Innovation & Investment Summit will have a number of programs: Internet and Mobile; Agritech and Cleantech; Life Sciences; Smart Cities; and Applied Industrial Technology. The summit will be broadcast online to half a million viewers.
Rosenthal said, "We expect, as a result of the meetings that will be held at the China-Israel Investment Summit, the signing of NIS 1 billion in deals in a range of fields.” Conference organizer, Ms. Ziva Eger, Head of Foreign Investment and Industrial Cooperation added, " We are proud to invite Chinese investors to explore the Israeli innovative spirit and the vast possibilities in the Israeli industry, the Israeli technology and the unique human skills. Today, when industries, both traditional and advances, changing so rapidly , there is no better place to invest in than Israel - the place that represents the future - creativity, innovation and talented people"
Infinity Israel-China Fund is managed by Amir Galor and Avishai Silvershatz. The fund has made more than 30 investments related to China and recently made nine major exits in China - four IPOs and five acquisitions.
Published by Globes [online], Israel business news - www.globes-online.com - on November 17, 2015
© Copyright of Globes Publisher Itonut (1983) Ltd. 2015