Chinese Academy of Sciences Holdings Co., Ltd. (CASH) and Idinvest Partners have agreed to support the growth of European small & medium-sized enterprises (SMEs), their expansion into the Chinese market and to contribute to global green development.
With the signing of the MOU on March 14th 2017 during the RAID 2017 conference in Paris, both parties agreed to launch a fund of funds for Green Development which will be managed and advised by CASH, and consulted by Idinvest Partners. The fund of funds is targeted with billions of dollars and a first closing by the end of 2017. A portion of the fund will be invested into funds managed by Idinvest Partners to finance innovative European SMEs which have the potential to develop and grow in China. The signing ceremony was honoured with the presence of former French Prime Minister Jean-Pierre Raffarin.
Both parties will act as strategic partners to develop cross-border investments and supporting the growth and development of Chinese and European investment, and promoting European SMEs that are exploring Chinese opportunities by utilising the investment expertise of Idinvest Partners, and the scientific and technical backgrounds, resources and background of CASH. With the launching of the fund of funds for green development, CASH will find a way to work with global partners to contribute to a green world.
This MOU aims to foster innovation, value-added businesses and job creation in both regions. Both China and France stress the importance of innovation.
Photo: From L to R: Christophe Baviere, CEO, Idinvest Partners; Wu Lebin, Chairman, Chinese Academy of Science Holdings; Senator Jean-Pierre Raffarin, Former Prime Minister of France; Chairman, Committee on Foreign Relations, Defence and Armed Forces, French Senate; Chairman, Fondation Prospective et Innovation