Wang Gang, deputy secretary-general of the municipal government, Peng Haibin, director of Shenzhen SASAC, Wang Youming, director of the Municipal Investment Promotion Administration, Wang Lide, executive deputy district mayor of Nanshan District and Wang Susheng, member of the president’s office of SUSTech were present to witness the signing ceremony.

SUSTech and Shenzhen Investment Holdings will jointly build the Overseas Innovation Center and the SUSTech International Campus as well as lay the foundation for SUSTech’s Medical School. The parties will also jointly set up a high-tech industry fund and promote the establishment of an International Innovation and Entrepreneurship Center. The two sides will jointly set up a hi-tech industry fund to support innovation and entrepreneurship of SUSTech faculty and students. Shenzhen Investment Holdings will also provide internships for the top SUSTech students that may grow into full employment opportunities.

The strategic cooperation between SUSTech and Shenzhen Investment Holdings is a handshake between one of the most powerful state-owned enterprises of Shenzhen and one of the most dynamic institutions of higher education. The cooperation between the two is conducive to giving full play to the synergies between these circles, and will contribute signficantly to promoting scientific and educational cooperation. School-enterprise partnerships effectively promote the strategic emerging industries and the prosperous future industry, strive to build an international science and technology hub in Shenzhen, and participate in the country’s “One Belt, One Road” development plan as well as the Bay Area of Guangdong, Hong Kong and Macao.

Shenzhen Investment Holdings Co., Ltd. (hereinafter referred to as “SIHC”) is a solely state-owned limited liability company established on the basis of the three former state-owned asset management companies in Shenzhen in September 2004. It operates equity management, capital operation and investment in large-scale municipal-funded state-owned enterprises. In recent years, the company has closely aligned itself with the city’s positioning of “a modern, international and innovative city” and has actively served as a bridge between the government and the market. It has made every effort to create three industrial clusters of “science and technology finance, science and technology parks, science and technology investments” focusing on attracting top hi-tech companies to Shenzhen.

Both parties will follow the principle of “facing the future, leading high-end visions, mutual benefits and win-win relationships while paying attention to concrete results”. With this agreement as a starting point, they will conduct all-round multi-level cooperation in four major fields which are science and technology, education, incubation and commerce.