JTA NEWS
19 November 2017 - 2 Kislev 5778 - ב' כסלו ה' אלפים תשע"ח
JTA NEWS :
2017-07
Third China-Israel Investment Summit E-mail

The 3rd China-Israel Investment Summit was held on 27-28 June in Zhuhai, a city in southern China. Representatives of over 2,700 Chinese and Israeli enterprises networked at the event, one of the largest business forums and matchmaking conferences in China attended by Israeli enterprises.

According to the organisers, over 2,000 matchmaking meetings for B2B business between Chinese and Israeli enterprises took place and 14 project contracts with a total value of over US$3.8 billion were signed there.

The Summit is an important platform for communication and co-operation in the fields of science, technology, economy and trade between China and Israel. The previous two summits were held in Beijing and Tel Aviv.

Around 200 Israeli enterprises attended in Zhuhai, including the founders and decision-makers from many Israeli high-tech enterprises.

Guo Yuanqiang, Secretary of the CPC Zhuhai Municipal Committee, said: “Since Zhuhai and Israel share similarities in such fields as science and technology, environmental protection, agriculture and education, the co-operation between the two parties enjoys a promising prospect.”

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Israeli diamonds on show in Hong Kong E-mail

The Israel Diamond Institute Group of Companies (IDI) hosted 47 companies this year in its diamond pavilion at the June Hong Kong Jewellery & Gem Fair, which took place from 22 25 June at the Hong Kong Convention & Exhibition Centre. In addition, six Israeli companies exhibited in other locations throughout the show.

The Israel Diamond Pavilion was located in the diamond area in Hall 3BC. A lounge adjacent to the pavilion featured dedicated “Get Diamonds” stations where people could search, in English and Chinese, for all of Israeli exhibitors’ goods offered at the show. People could also access the popular database on their smartphones.

In addition, IDI also launched a special pre-show website for the Hong Kong June show, with details of all the participating Israeli companies, including background and contact information, as well as a map of the Israel Diamond Pavilion.

Asia is Israel’s secondlargest market for polished diamonds, representing about 30% of total polished diamond exports – the greatest share in Asia goes to Hong Kong. Israel is also a major supplier of polished diamonds to mainland China, India, Thailand, Singapore, Taiwan, Japan and other Asian markets.

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Defence companies exhibit at IMDEX maritime defence show, Singapore E-mail

Eight Israeli defence companies showcased their products at IMDEX Asia 2017, “Asia Pacific’s Flagship Maritime Defence Show”, in Singapore, from 16 to 18 May. Their potential clients were the navies of Asian countries seeking to protect and defend their seas and shores from attack.

The Israeli companies included Rafael Advanced Defense Systems Ltd., Elbit Systems Ltd., Israel Military Industries Ltd. (IMI Systems) and Israel Aerospace Industries Ltd. (IAI).

“The challenges Israel faces in the marine theatre are similar to those faced by Asian countries. The threats are of marine terrorism, which makes it more necessary to procure detection and intelligence systems, special cyber systems and other tools,” said Ministry of Defense International Defense Cooperation Authority (SIBAT) principal deputy director Paul Friedberg.

The Ministry of Defense believes that the systems developed in Israel to protect the natural gas platforms in the Mediterranean Sea will meet the security needs of countries such as Thailand, Vietnam, the Philippines and others.

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MizMaa Ventures to invest in Israel E-mail

A new venture capital fund originating in China will invest US$100 million in Israel, according to Globes newspaper. The new fund is called MizMaa Ventures – a combination of the Hebrew words for east and west. The fund began operating a year ago, and has so far operated under the radar. All the money it raises is designated for investment in local startups.

MizMaa has obtained funding from three wealthy Chinese families, with most of the money coming from the Chen family, believed to be the 58th-wealthiest family in the world. In the next stage, MizMaa will try to raise US$150 million for another fund.

MizMaa’s Israeli portfolio includes cyber security companies Armeron and Coronet; Twiggle, a search engine for shopping websites, and Corephotonics, which deals in optics. The fund is expected to announce two more investments soon, one of them in fintech.

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IAI to set up academy for Chinese aviation technicians E-mail

Israel Aerospace Industries (IAI) announced recently that is expanding its civilian activities and is establishing, for the first time in its history, an academy for technical aviation professions in China.

IAI has signed a US$10 million contract with the city of Shantou in Guangdong Province to build a training centre where Israeli teams will teach the Chinese to maintain passenger aircraft.

The contract was signed as part of a conference for business co-operation between Israel and Guangdong Province. IAI also signed an agreement with Gwangju Port in the province to build a robot that will increase the efficiency of container storage.

“This is an important breakthrough in light of the accelerated development of China’s civil aviation,” said Gadi Cohen, Vice President and Director of Civil Society at IAI.

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