CITIC Construction, Israel’s Pitango Venture Capital (Pitango), CITIC Industrial Investment and Xinjin Investment Holding Limited (hereinafter referred to as "XJ Holding") held a signing ceremony via video link on May 21, 2020. The strategic cooperation agreement inked by the four parties focuses on cooperation in high-tech, medical technology and agricultural industries. Guests attending the ceremony were Chen Xiaojia, Chairman of CITIC Construction; Zhang Jian, Vice Chairman of CITIC Industrial Investment; Chemi Peres, Managing General Partner of Pitango; and Hu Bin, Executive Director of XJ Holding.
China and Israel have scored fruitful cooperation outcomes in basic science, modern agriculture, health care, and energy since both countries established the innovative comprehensive partnership. Pitango, a leading company in technology and venture capital in Israel, boasts abundant industrial resources.
The four parties will carry out cooperation in the global market, with an aim to bring more excellent projects, create more opportunities for innovation and advance the innovation-driven development of related industries in China.