RCIF and Tus-Holdings to create Russia-China Venture Fund

Press release, 07.11.2016

St. Petersburg, 07 November 2016– Russia-China Investment Fund (RCIF) and Chinese company Tus-Holdings have agreed to establish a joint Russia-China Venture Fund (RCVF). The fund will promote the development of trade and economic, investment, scientific and technological cooperation between the Russian Federation and the People's Republic of China. The agreement was signed today during the session of the Russia-China Business Advisory Committee.

The RCVF target size will be up to $100 million and may be further increased, RCIF and Tus-Holdings will be anchor investors. There will likely also be participation from other Russian and Chinese institutional investors. The fund will focus on identifying attractive investment opportunities among high-tech companies and start-ups in Russia that have the potential for further development in the Chinese market. This will include such areas as information technology in the financial sector, big data, cloud technologies, biotechnology, biomedicine, clean energy, new materials, smart technologies (including robotics) and data transmission.

Kirill Dmitriev, Co-CEO of the Russia-China Investment Fund (RCIF), noted:

“During our work with our Chinese partners, we have seen strong interest in Russian high-tech projects. We are pleased to announce the creation of a special fund, which will unlock the investment potential in this area. RCIF and Tus-Holdings have begun the process of establishing the Russia-China Venture Fund and have already received positive responses from a number of institutional investors from China.”

Yuan Wei, President of the Tus-Holdings, said:

«TUS HOLDING passed the 22-year-old path of development. Since the construction and operation of industrial park, today we have developed a full range of business activities, including technology finance, technology real estate, technology services, technology industry and others. In particular, Tus-S & T Service Co., Ltd is currently the largest company in technological servicesinChina, its activities cover the incubation and commercialization of technological developments, as well as the full cycle of technology investments. This company has a strong team that works with Russia. I am convinced that their cooperation with Russian partners will lead to success."

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The Russia-China Investment Fund (RCIF)was established by the Russian Direct Investment Fund and China Investment Corporation (CIC). RCIF activity aims to promote bilateral trade, economic and investment cooperation between Russia and China. The fund received $2 billion in commitments from RDIF and CIC in equal share. Further information can be found at: www.rcif.ru

Tus-Holdings Co., Ltd (hereinafter referred to Tus-Holdings), set up on July 24, 2000, is the former Tsinghua University Science Park (TusPark) Development Center founded in August 1994. Tus-Holdings is a large integrated enterprise established in reliance on Tsinghua University. It takes full responsibility for developing, constructing, operating and managing TusPark, and it’s one of the first National Demonstration Enterprises in modern service industry. It is the controlling shareholder or shareholder of over 500 listed & non-listed enterprises, including Tus-Guhan Group Co., Ltd., Tus-Sound Co. Ltd., 21Vianet, Unisplendour Corporation (UNIS), ChineseAll and TUSINTL. And the total assets under its management have exceeded RMB 100 billion. As the flagship product of Tus-Holdings, TusPark (Beijing) is currently the largest single university science park in the world, with building area of 770,000 square meters, and more than 1200 enterprises having been settled in the park. TusPark has become a gathering place for multi-national corporation R&D headquarters, China technology enterprise headquarters as well as innovation enterprises. It has become an important platform of Tsinghua University to serve the society and promote regional innovation, as well as a famous brand in China and even in the global science park industry.

For additional information contact:
Maria Medvedeva
Russian Direct Investment Fund
Director of External Communications
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
E-mail: mm@rdif.ru

Andrew Hayes / Yulianna Vilkos
Hudson Sandler
Tel: +44 (0) 20 7796 4133