Download RBTH Daily app for free to be up to date with what’s new in Russia. Get a fresh and brief digest every day.
Follow the link to learn more
Rusnano, the Russian nano-industry corporation, and China's Zhongrong International Trust are launching the $500-million Rusnano Zhongrong United Investment Fund, Rusnano said in a statement.
"Zhongrong is one of the biggest financial institutions in the Asia-Pacific region specializing in direct investment and has successfully invested in large-scale innovation projects," said Anatoly Chubais, the head of Rusnano. "The purpose of our partnership is to set up competitive production not just for the Russian and Chinese markets but also the global market," he said.
