CDHT, Silicon Valley to Cooperate in Tech Finance Sector

Authors: Go Chengdu

2018-03-30

Chengdu Hi-tech Zone (CDHT) inked March 27 an MoU with the Silicon Valley City Group (Dublin, Mountain View and Menlo Park), and Him Group on the establishment of technology finance centers in both Chengdu and Silicon Valley.
The centers, to be run as limited liability companies, will have divisions for the operations involving technology transfer, financial service and free trade.
Him Group and the Silicon Valley City Group will co-finance USD30 million for the center in Chengdu and a 1,000-square-meter techfin center in Silicon Valley.
In addition, Him Group will be responsible for the operation and management, funding and consultancy of the project, which will be co-managed by the CDHT and Silicon Valley.

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