Silicon Valley and southwest China's Chengdu will set up a technology finance center in Chengdu.

A signing ceremony for the project was held in Chengdu on March 27. Management consulting company Him Group Holding, Inc., Silicon Valley City Group (Mountain View, Menlo Park and Dublin) and Chengdu Hi-Tech Zone signed the memorandum.

A total of USD30 million will be invested to build the Chengdu-Silicon valley technology finance center, which is scheduled to start operations this year.

The project will provide services involving technology transfer, financial service and free trade. It is expected to enhance exchanges between Chengdu and Silicon Valley in terms of capital and talent, and promote globalization of small- and medium-sized enterprises.

(source: Xinhuanet, March 27, 2018)