In order to actively respond to the strategic policies of the state and CR Group in the Greater Bay Area, especially in Hong Kong, develop technology innovation and promote the construction of technology innovation ecology, on October 5, 2021, the opening ceremony for Runnovation, a newly established technology innovation center in Hong Kong under CR Capital Management, was successfully held in Hong Kong Causeway Center.
Runnovation is committed to cultivating technology and innovation, creating a platform for accelerating the incubation of technology innovation enterprises and facilitating the upgrading and transformation of traditional enterprises. Headquartered in Hong Kong and supported by CR Capital Management, Runnovation provides customized support, services and partnership opportunities for start-ups and entrepreneurs through partners' knowledge, resources and networks in Greater China and around the world. Leaders of CR Group and several profit centers, representatives of Fok Ying Tung Foundation, InvestHK, Hong Kong Trade Development Council, Cyberport, Hong Kong Science & Technology Parks, technology innovation investors in Hong Kong, and leaders and guests from financial institutions, family offices, pension funds, technology innovation enterprises, etc. were invited to attend the opening ceremony for the trial operation of Runnovation.
Mr. Carl Qin, general manager of CR Capital Management, delivered a speech at the opening ceremony. First of all, he extended warm congratulations on the trial operation of Runnovation and heartfelt thanks to the distinguished guests and leaders for their full support for the technology innovation work in Hong Kong. He said that Hong Kong has strong scientific research strength, world-class universities, international and market-oriented business environment and a sound intellectual property protection system. As a central SOE born and headquartered in Hong Kong, we must give full play to our advantages in Hong Kong in terms of corporate positioning and responsibility, firmly seize the window period of "14th Five-Year Plan" in the Greater Bay Area, and facilitate integration of Guangdong, Hong Kong and Macao, and support Hong Kong to become an international innovation and technology center.
A new round of technological and industrial transformation is reconstructing the global innovation landscape and reshaping the global economic structure. As an industrial fund management platform of the Group, CR Capital Management has established a number of funds themed on technology innovation, such as China Resources Innovation Equity Investment Fund, Deep Tech Fund, Sci-Tech Achievement Transformation Fund and Life Science Fund. This year, the Group also added the Technology Innovation Department and held the first technology innovation conference, starting a new journey of technology innovation. Carl Qin said that we are deeply aware of the necessity and urgency of technology innovation. The establishment of Runnovation in Hong Kong is also of great strategic significance: on the one hand, it aims to help Hong Kong solve the pain points of technology innovation, improve local employment, assist young entrepreneurs in understanding the development opportunities of the motherland and bring more development prospects to local youth; meanwhile, in line with the "discovery" function of CR Capital Management, we will be the "vanguard" of the Group's technology innovation, and make good use of the Hong Kong platform to discover outstanding technologies and teams worldwide. Moreover, we will drive the Group's internal innovation with external innovation through establishment of technology innovation and investment alliance, etc., and keep enriching the achievements of technology innovation, so that the vision of creating a world-class enterprise will come true with our joint efforts!
Mr. Zhu Bairu, executive chairman of the Fellowship Association of CR Group, Mr. Bao Yanfei, chairman and general manager of CR Property, Mr. Yu Zhongliang, senior deputy director of the Strategy Department in CR Group and chief economist of CR Capital Management, Mr. Zhang Tianwei, senior deputy general manager and chief investment officer of CR Capital Management, and Mr. Zhang Wei, deputy general manager of CR Property, were invited to the stage for the start of opening ceremony, who jointly witnessed the establishment of Runnovation.
With its strategic location in the area where domestic and foreign capital, enterprises, financial institutions and investors are most concentrated, Runnovation has great advantages in promoting technology innovation exchanges, opening and collaboration. The opening ceremony marks the official entry of Runnovation into the physical operation stage. In the future, Runnovation will jointly hold cross-border special courses, entrepreneurship competitions, technology innovation seminars and academic exchanges in Hong Kong with internal resources such as CR Learning and Innovation Center and CR Business School, so as to contribute to the dynamic innovation and technology ecosystem, cultivate Hong Kong's entrepreneurship and leadership, and enhance the understanding and cooperation of local technology innovation enterprises, scientists and young people in Hong Kong on CR Group. Meanwhile, it will also actively strengthen contacts and interactions with Hong Kong's political and business circles, social capital and academia, introduce other central SOEs in Hong Kong to join in, seek win-win cooperation among multiple parties, and strive to launch supporting technology innovation funds, so as to form an ecological closed loop, optimize the technology innovation environment, and contribute to Hong Kong's economic and social development.
