RDIF, RCIF and Tus-Holdings agree to jointly establish innovation center at Lomonosov Moscow State University

Press release, 26.04.2019

Beijing, April 26, 2019 - The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, the Russia-China Investment Fund (RCIF), and Tus-Holdings, a leading Chinese innovation-focused company, supported by Tsinghua University, have agreed to jointly build a science and technology park on the premises of Lomonosov Moscow State University (MSU) which aims to promote the cooperation of science and technology innovation between China and Russia. Tsinghua University today awarded an honorary doctorate degree to Vladimir Putin, President of the Russian Federation, during his visit to Beijing.

After the completion of the park, it will become a platform for innovative cooperation between scientific and technological workers and scientific and technological enterprises of the two countries. It will not only provide hardware infrastructure for research laboratories, conference rooms and offices for Russian and Chinese scientists and scientific and technological enterprises involved in the development and implementation of innovative technologies, but also provide a whole chain of soft services such as venture capital, entrepreneurship training, media promotion, etc.

The agreement between RDIF, RCIF, Tus-Holdings and MSU is aimed at the development of research infrastructure as part of RDIF and RCIF’s strategy to foster innovation in the Russian and Chinese markets. This project is included in the list of initiatives supported by the Intergovernmental Russian-Chinese Commission on Investment Cooperation, established by RDIF and the China Investment Corporation in 2014 to promote cross-border investment projects.

Jointly with Tus-Holdings, RDIF and RCIF are already implementing a project aimed at the construction of a science and technology park as part of the development of the former Tushino airfield in the north-west of Moscow. The innovative multifunctional technology park will be the largest Russian innovation hub and feature sports, community, research, educational, residential and recreational infrastructure. The total investment exceeds RUB 90 bn.

Additionally, RCIF and Tus-Holdings have launched the Russia-China venture fund with initial capital of $100 mn. The new fund will focus on finding attractive investment opportunities in the high-tech sectors of the Russian economy, with potential for further development in the Chinese market.

Kirill Dmitriev, CEO of RDIF and Co-CEO of RCIF, said:
“We share the enthusiasm of our Chinese partner, Tus-Holdings, for the joint implementation of high-tech Russian projects. Tus-Holdings’ experience in the development of technology parks and special funds will enable Russia to create an effective model for the development of its technological ecosystem based on the leading research centers of the two countries—Lomonosov Moscow State University and Tsinghua University. The Russian-Chinese innovation center being established will strengthen the R&D and technological cooperation between Russia and China, and contribute to the effective implementation of national projects.”

Victor Sadovnichy, Rector of Lomonosov Moscow State University, President of the Russian Union of Rectors, a full member of the Russian Academy of Sciences, noted:
“The cooperation of Lomonosov Moscow State University with universities and research centers of the People’s Republic of China has deep roots. We are most actively cooperating with Peking University, Tsinghua University, Beijing University of Technology, with which we have created a joint university in Shenzhen, and others. The science park of Tus-Holdings and Tsinghua University is the world's leading one. We are familiar with its activities and we believe that the agreement signed will enable our countries, scientific organizations and universities to achieve new successes in scientific and technological cooperation ”.

Jiwu Wang, Chairman of Tus-Holdings Co., Ltd., said:
“I fully agree with Mr. Kirill Dmitriev's point of view! Tus-Holdings is willing to share our experience in the construction of science parks with Russian partners and work together to build an ecosystem of innovative cooperation in science and technology between China and Russia. This system includes many links, and the Science Park is only one of them; the “RCVF” which started running at the beginning of the year is another work that we have already completed to build this system. MSU and Tsinghua University will be the main participants in the construction of this system. The participation of these two outstanding universities has made us more confident to make it a bridge for innovative cooperation in science and technology between China and Russia and contribute to deepening economic integration between the two countries.”

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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than 1.5 trillion rubles and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 700,000 people and generate revenues which equate to more than 5% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than 40 billion dollars. Further information can be found at www.rdif.ru

Russia-China Investment Fund (RCIF) is a joint fund established by the Russian Direct Investment Fund and China Investment Corporation (CIC). The activity of RCIF is aimed at development of bilateral economic, trade and investment relations between Russia and China. Further information can be found at www.rcif.com

Tus-Holdings Co., Ltd., 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. It is the controlling shareholder or shareholder of over 800 listed & non-listed enterprises, including Tus-Guhan Group Co., Ltd., Tus-Sound Environmental Resources Co., Ltd, 21Vianet Group, Inc., ChineseAll,TUS International Limited,SZ Hanbang Technology Co.,Ltd, Gigadevice, Guangzhou TuWei Technology Co.,Ltd,CICTE,BIOREM and Tus-Design Group. And the total assets under its management have exceeded RMB 200 bn. 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 1500 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 a famous brand in China and even in the global science park industry. Further information can be found at http://en.tusholdings.com/

For additional information contact:
Arseniy Palagin
Russian Direct Investment Fund
Press Secretary
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru

Andrew Leach / Maria Shiryaevskaya
Hudson Sandler
Tel: +44 (0) 20 7796 4133

Jessy Zheng
Russia-China Investment Fund
Beijing, China
Tel.: +86 10 5762 9000
Fax: +86 10 57629111
jie.zheng@rcif.com

Yury S. Trofimov
Russia-China Investment Fund
Moscow, Russia
Tel.: +7 (495) 230-05-55 ext. 4243
Mob.: +7 (985) 765-13-12
yury.trofimov@rcif.com