Huafa Group beams as China-Israel forum concludes

The 3rd China-Israel Investment Summit rounded off at the Zhuhai International Conference & Exhibition Center on June 28, with 13 contracts valued at nearly $4 billion and 1,035 letters of intent worth $1.35 billion signed.

Notable among breakthroughs in business partnerships between Zhuhai and Israel are those made by Huafa Group. As a key example, Huafa and Infinity Group will jointly build Sino-Israeli Accelerator Industrial Park in the Zhuhai Hi-Tech Industrial Development Zone. According to the agreement, the park will provide tailored commercialization services for Israeli high technologies to help them gain footholds in the Chinese market.

Another highpoint came when the National China-Israeli Innovation Fund was launched on June 27. It is a joint initiative of financial investment firms in five cities including Guangdong capital Guangzhou and Heilongjiang capital Harbin, and was led by Huafa Group. The fund is sponsored by the National Development & Reform Commission (NDRC). A spokesperson for the NDRC International Cooperation Center (ICC) spoke highly of it and for its future role.

Discussions among Israeli business leaders

In the meantime, Huafa Group signed an agreement with the Zhuhai Hi-Tech Industrial Development Zone and an Israeli healthcare educational institution to launch the China-Israel Innovation (Zhuhai) Cooperation Project. It is significant for implementation of the city's innovation-driven development strategy, a government official pointed out.

Also signed were a series of fund and investment management projects run by Infinity Asset Management LLP, a subsidiary of Huafa Group.

Host city Zhuhai – itself a fast-growing innovative city -- accomplished scale upgrades to expand its international influence by holding 11 keynote speeches from heavyweight industry leaders, five forums, and more than 2,000 B2B sessions.

Political and business elites from both China and Israel paid attention to the gathering and took it as a solid cornerstone for bilateral cooperation.

Exoskeleton technology demonstrated 

More than 5,200 people took part in the summit, including 2,700 domestic and overseas enterprise representatives, investors, scholars, and over 100 journalists.

Business areas covered at the summit were: vehicular automation, internet finance, industrial applications, life sciences, artificial intelligence, robots, big data, mobile information, clean energy, AR (augmented reality), VR (virtual reality), and the internet.

Bilateral business negotiations [Photos by Cai Muxi, Wu Zhigang, Zhang Yongsheng / Zhuhai Daily]

The event is the largest science innovation investment summit for Israel in China, and serves as an important venue for cooperation, technology sharing, and business exchanges.