RUSNANO and the Ministry of Science and Technology of China Signed a Cooperation Agreement

25 June 2016

The Agreement was signed in the course of the visit of the Russian President Vladimir Putin to China. The Chairman of the Board of RUSNANO Anatoly Chubais and the Minister for Science and Technology of the People's Republic of China Wan Gang endorsed the document.

RUSNANO and the Ministry of Science and Technology of China Signed a Cooperation Agreement

The parties have agreed to create a Russian-Chinese High Technology Direct Investment Fund. The Fund is to support the two-way transfer of technologies between China and Russia and import of technologies from third countries for further establishment of industrial enterprises, branches, representative offices and R&D centers in Russia and China.

The Agreement also stipulates the establishment of a joint R&D Center or a Nanotech Incubator in Russia and China.

"Despite an unfortunate recent downswing in the trade and investment cooperation between our countries, the Russian-Chinese relationship can be unequivocally described as full-fledged and amicable. RUSNANO has been actively and effectively collaborating with Chinese partners, and today's entering into the Agreement with the Ministry of Science and Technology of China should give our cooperation a new impetus," stressed Anatoly Chubais.

Additional information

Reference

RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of RUSNANO’s shares are state owned. Thanks to RUSNANO’s investments, there are currently 87 factories and R&D Centers opened in 32 regions in Russia.

Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company. Anatoly Chubais is the Chairman of its Executive Board.

Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.