The Lin-gang Special Area Administration and SBI (China) Co Ltd, a wholly owned subsidiary of Japan's SBI Group, recently held discussions and signed a strategic cooperation agreement, aiming to establish a new paradigm for Sino-Japanese industrial collaboration.

Talks focused on in-depth cooperation in multiple areas such as the deepening of Sino-Japanese industrial synergy and promotion of technological innovation.

Leveraging Lin-gang's advantages in institutional opening-up and cutting-edge industries clustering, as well as SBI's international resources and professional investment capabilities, the two sides will engage in collaborations centered around venture capital funds, sci-tech incubators, and international talent exchanges.

The venture capital fund established by SBI China and Lin-gang Special Area has already exceeded 100 million yuan ($13.92 million), targeting early-stage investments for internationalized small and medium-sized enterprises (SMEs).

SBI China also plans to set up an incubator within the industrial park for Japanese SMEs in Lin-gang, further enriching Lin-gang's sci-tech innovation ecosystem.

As a key investor, SBI China manages over 12 billion yuan, focusing on strategic emerging sectors like information technology, 5G + intelligent manufacturing, semiconductors, and new energy. It has invested in nearly 100 local enterprises to date.

Source: Lin-gang Special Area Administration