Moscow, 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). The project aims to promote cooperation between China and Russia in the areas of science and technology innovation. After its completion, the park will become a hub for cooperation between science and technology businesses and experts in the two countries. It will provide research laboratories, conference rooms and offices for Russian and Chinese scientists and science and technology companies involved in the development and implementation of innovative technologies. Moreover, a whole network of soft services, such as venture capital, entrepreneurship training, media promotion, etc. will be available around the park.
The agreement between RDIF, RCIF, Tus-Holdings and MSU is aimed at the wider development of research infrastructure in Russia and China and forms part of RDIF and RCIF’s strategy to foster innovation in both markets. The 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 to construct a science and technology park on the site of the former Tushino airfield in the north-west of Moscow. The innovative multifunctional technology park will be Russia's largest 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 (RCVF) with initial capital of $100 million. The new fund will focus on finding attractive investment opportunities in 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 and our Chinese partner, Tus-Holdings, are similarly enthusiastic about seeing the joint implementation of high-tech projects in Russia. 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 establishment of the Russian-Chinese science and technology park will strengthen R&D and technological cooperation between the two countries, and contribute to the effective implementation of national projects in Russia.”
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 Chinese universities and research centers 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.
The science park established by Tus-Holdings and Tsinghua University is a world leader. We are familiar with its activities and believe that the agreement will allow our countries, scientific organizations and universities to achieve new successes in scientific and technological cooperation.”
Wang Jiwu, 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 network of cooperation includes many connections, and the Science Park is only one of them; the RCVF, which was launched at the beginning of the year, is another area of work that we have already established to build a system of collaboration. MSU and Tsinghua University will be the main participants in the construction of this network. The participation of these two outstanding universities has given us confidence that this project can serve as a bridge for innovative cooperation in science and technology between China and Russia and contribute to deepening economic integration between our two countries.”
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 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 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 Andrew Leach / Maria Shiryaevskaya
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
Russia-China Investment Fund
Tel.: +86 10 5762 9000
Fax: +86 10 57629111
Yury S. Trofimov
Russia-China Investment Fund
Tel.: +7 (495) 230-05-55 ext. 4243
Mob.: +7 (985) 765-13-12