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.

The Lin-gang Special Area Administration and SBI (China) sign an agreement to establish a new paradigm for Sino-Japanese industrial collaboration. [Photo/WeChat ID: shlgguanweihui]

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 openness and frontline industry agglomeration, 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 exchange.

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.