Rusnano, the Russian state-owned corporation dedicated to nanotechnologies, has proposed the creation of a joint Russian-Chinese fund for investing in this sector, head of the corporation Anatoly Chubais stated. According to Chubais, the proposal was made at a recent session of the first Russian-Chinese commission on investment cooperation between Russia and China.
“The idea is to co-finance a joint fund on a fifty-fifty basis with the targeted purpose of investing in nanotechnology with a geographic focus on Russia and China,” business daily Vedomosti quoted Chubais as saying.
According to Chubais, the Chinese cochairman of the commission, Deputy Premier of the State Council of China Zhang Gaoli, showed interest in the idea and asked him to develop it further.
Commission co-chairman Russian First Deputy Prime Minister Igor Shuvalov suggested that the Russian co-investor should be Rusnano and on the Chinese side should be the Chinese Investment Corporation (CIC).
This Chinese organization already works in cooperation with the Russian Direct Investment Fund (RDIF), another major Russian fund.
Sources: Vedomosti, RIA Novosti.
