Over 1,000 Attend Israeli Investments Event in China

YERUSHALAYIM -
Yuval Steinitz Photo by Yonatan Sindel/Flash90
Minister Yuval Steinitz. (Yonatan Sindel/Flash90)

Following successful Israel investment conferences in Sydney and London, aimed at exposing local business communities to the varied investment opportunities in Israel, the largest ever Israel investment conference in China opened on Monday with over 1,000 participants. The two-day conference is taking place in Beijing and is an initiative of the Division for Foreign Investments and Industrial Cooperation of the Israeli Ministry of Economy and Industry, as well as the ministry’s trade missions in China. It is also supported by the Chinese government through the Chinese Ministry of Science and Technology.

Among the participants are a number of investors from Chinese companies and venture capital funds, key figures from Israeli hi-tech and academia, and representatives of 85 Israeli technology companies from the fields of life sciences, cleantech, and advanced production, who will present their products and capabilities with the goal of promoting new spheres of cooperation with the Chinese market.

The conference was opened by Israeli Minister of National Infrastructure, Water and Energy Dr. Yuval Steinitz. It includes panels on investment opportunities for Chinese companies in Israel and on the contribution of Israeli academia to the development of technology firms. Minister Steinitz said: “Since my first visit to China as finance minister in 2010, I have continued to work to strengthen economic ties between Israel and China.

“This activity has so far resulted in several important economic agreements and has brought a dramatic increase in Chinese investments in Israel, so it is important to continue that work in the fields of economy, industry and energy,” he noted. “It is hard to overstate the importance of economic and technological ties between Israel and China, ties which also help tighten diplomatic relations between the two countries. This conference creates an excellent opportunity to create new economic ties and to showcase the State of Israel to Chinese companies, investors, and entrepreneurs who may consider investing in our country in the fields of water, electricity infrastructure, gas, and others.”