(JW Insights) Sep 12 -- Five Chinese investors said they will form a RMB3 billion ($411.6 million) fund specialized in cross-border technology services in Lingang, Shanghai, to promote the integration of capital and technology, Yicai Global reported on September 12.

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 on September 11 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 on September 11 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, said the Yicai Global report.

(Yuan XY/Gao J)