Belarus and China agreed on key terms of joint venture foundation activity

5/15/17 1:01 PM / Views:527

The State Committee on Science and Technology of the Republic of Belarus, the LLC Investment Company “China Merchants Capital” and JSC “Development industrial Park Company” signed an agreement on the creation of Velikiy Kamenh Sino-Belarusian Venture Foundation Park. The document was signed by Alexander Shumilin, Chairman of the SCST, and Chjang Zhizhuon, director general of China Merchants Capital, and Syuy Baominh, deputy director general of the industrial  park  development.

According to the document, the foundation will be founded by the Belarusian Innovative Foundation(45%), the Sino-Belarusian industrial Investment Foundation (45%) and the Sino-Belarusian JSC “Industrial Park Development” (10%). The volume of the foundation will be not less than 20,000,000 USD. It is supposed, that the investment will be sent to the branch of high technologies (hi-tech and innovative products and innovation to the traditional sectors of the economy).