The Hengqin Area of Guangdong Free Trade Zone has recently opened a representative office for economy and trade in the Silicon Valley, California.
With the help of the Hengqin Financial Investment Co., Ltd. and the Silicon Valley-based Tsinghua Entrepreneur & Executive Club (TEEC) Angel Fund, the representative office will help Hengqin better obtain the latest global information and resources from the technology industry, thus further fostering Hengqin's high-tech industry development.
After the opening ceremony, a delegation from Hengqin visited some sci-tech companies, including Cassia Network, Wearable IoT, Quanergy, Furcifer and LucidCam, in the Silicon Valley. The delegation introduced the Hengqin Area to a number of company founders to attract investment.
The representative office will attract more high-tech companies to settle in Hengqin or set up branches there. In addition, it will cooperate with the investors and incubators in the United States. Visits between companies in Silicon Valley and Hengqin will also be promoted.
The TEEC Angel Fund, registered in the United States, has focused on high-tech projects at the seed stage or start-up stage. As one of the best private-equity funds set up in the Silicon Valley by overseas Chinese, it is sailing with the wind and has received investment from Redbud Capital and the Graduate School of Tsinghua University at Shenzhen.