TUS-Holdings opens a representative office at Lomonosov Moscow State University as part of its partnership with RDIF

Press release, 15.01.2020

Moscow, January 15, 2020 - The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, Tus-Holdings, a leading Chinese innovation-focused company, supported by Tsinghua University and Lomonosov Moscow State University (MSU) announce the opening of “TUS-MSU (Sino-Russian) Innovation Complex” representative office.

The opening ceremony was held today and included representatives of Moscow State University, Innopraktikа, TUS-Holdings, Russian Direct Investment Fund, Russia-China Investment Fund (RCIF, established by the RDIF and China Investment Corporation) and Rosgeologia, as well as the delegation from Chinese high speed railway research and development center scientific institutions - CRRC Zhuzhou Institute and Ningbo University.

RDIF, RCIF and Tus-Holdings agreed in Spring 2019 to jointly build a science and technology park as part of the Technological Valley at MSU. The agreement was to develop research infrastructure as part of RDIF and RCIF’s strategy to foster innovation in the Russian and Chinese markets. This project is on 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.

Kirill Dmitriev, CEO of RDIF, said:

“2020 and 2021 are declared the Cross Years of Russian-Chinese scientific, technical and innovation cooperation. The opening of “TUS-MSU (Sino-Russian) Innovation Complex” representative office today is an important step in the development of the Russia-China dialogue. RDIF and RCIF actively contribute to strengthening partnerships in science and technology and together with colleagues from leading Chinese universities and investment institutions we are working to achieve a breakthrough in this area. The combination of scientific, investment and financial expertise will enable us to achieve significant results to further strengthen relations between Russia and China.”

Jiwu Wang, Chairman of Tus-Holdings Co., Ltd., said:

“Spring 2019, TUS-Holdings and MSU exchanged the text of the agreement on the construction of a science and technology park on its campus aimed at promoting China-Russia cooperation in science and technology innovation. The establishment of a representative office for “TUS-MSU (Sino-Russian) Innovation Complex” is a follow-up to this agreement - to do the preparatory work for the construction of the science park. It includes assisting Chinese high-tech enterprises and Russian universities to co-build product R&D centers in Moscow, organizing Chinese universities and Russian counterparts to set up joint laboratories for basic scientific research and so on. The results of these efforts will be part of the physical space of future science parks.”

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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 RUB1.5 tn and covering 95% of the regions of the Russian Federation. RDIF’s portfolio of companies employs more than 800,000 people and generates revenues which equate to over 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40 bn. Further information can be found at www.rdif.ru

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                                     Maria Shiryaevskaya / Andrew Leach

Russian Direct Investment Fund                      Hudson Sandler

Press Secretary                                           Tel: +44 (0) 20 7796 4133 

Tel: +7 495 644 34 14, ext. 2395

Mobile: +7 916 110 31 41

E-mail: arseniy.palagin@rdif.ru