Mr. Yu Jun Receives a Senior Delegation from the Israel Infinity Fund

On November 3, 2008, headed by Mr. Avi Fischer, controlling shareholder and Vice Chairman of the board of IDB group, the 20-member Israel Infinity Fund Delegation visited Haidian District. Mr. Yu Jun, deputy mayor of Haidian District, received the delegation, joined by Wang Weili, deputy director of Haidian Government Office, Mr. Liu Bozheng, head of Haidian Development and Reform Commission, Ms. Zhang Xiuying, chief of the International Cooperation and Brand Building Division of Haidian Science Park, and Mr. Xiao Yong, general manager of Beijing Haidi Innovation Technology Asset Investment Center Co., Ltd. (Haidi Investment Center).

With total assets of USD 30 billion, IDB group is the most influential and powerful holding enterprise in Israel, accounting for 12% of Israel’s total GDP. Infinity Fund is a venture investment institution affiliated with IDB, which currently has more than USD 200 million in capital. Infinity Fund is involved in the industries such as energy conservation and environmental protection, water treatment and medical equipment, etc.

The purpose of this visit to China is to promote cooperation with Chinese institutions and study the investment environment in Beijing. The delegation will also visit China Development Bank, Digital China and other cooperation institutions in Haidian District. Yu Jun remarked that there are about 18,000 tech-based companies in Haidian Science Park, and many of which are engaged in areas that Infinity’s capital can invest in. Haidi Investment Center, for instance, signed a letter of intent with Infinity in 2005, to deepen mutual understanding and enhance cooperation. Mr. Avi Fischer appreciated the hospitality of Haidian District and hoped to continue communication and cooperation.