CHONGQING (CQNEWS) -- Financial Affairs Office of Chongqing Municipal People's Government and Chongqing Liangjiang New Area signed a cooperation agreement with an investment group from Israel to set up a foreign private equity fund of 2 billion US dollars (1 billion US dollars and 6 billion yuan) in Liangjiang New Area on April 6, 2011.
The fund will be mainly used in areas like new energy, new material, bio-medical industry, advanced manufacturing, high and new technology and so on.
To strengthen the cooperation between Israeli corporations and Liangjiang New Area, more than 20 Israeli corporations seek investment opportunities in Liangjiang New Area. (Translated by Li Yao, Fathom Language Limited)
