(Yicai) Sept. 12 -- Five Chinese investors said they will form a CNY3 billion (USD411.6 million) fund specialized in cross-border technology services in Lingang, Shanghai, to promote the integration of capital and technology.

The Shanghai Technology Exchange International Trading Center, Infinity Capital, Horwath Capital China, Yingfei Quansheng Investment, and Dongke Changye announced at the 2023 Global Cross-Border Technology Trade Development Forum yesterday to establish Lingang International Technology Transfer Fund.

The fund aims to integrate domestic and overseas technology resources and transfer channels to form a cross-border technology trading ecosystem, promote the industrialization of domestic and overseas technology results, and build the Lingang Special Area into a strategic hub for global capital and technology innovation.

Moreover, the Shanghai Technology Exchange International Trading Center and Horwath Capital China said at the forum yesterday that they had set up a cross-border financial service center to establish channels for cross-border investment and financing of technology assets and provide financial support to cross-border technology trading.

The Shanghai Technology Exchange International Trading Center and the Shanghai branch of Bank of China also announced at the forum that they joined hands to offer demand-matching services to companies that need cross-border technology trading, provide firms in Shanghai with CNY1 billion special-purpose loans for cross-border technology trading, and supply services to enterprises that meet the access requirements to facilitate their cross-border capital settlement.

Editor: Futura Costaglione