Yuan Wei, president of Tsinghua Holdings subsidiary Tus-Holdings, met with Israel's Minister of Economy and Industry Eli Cohen during the Israel Prime Minister's Business and Innovation Summit, held in Beijing on March 20.

The Israeli Prime Minister's Business and Innovation Summit takes place in Beijing on March 20. Scientific innovation, the bringing-to-market of technologies and technical investment were among the main topics discussed at the meeting. 

The summit was held as part of Israeli Prime Minister Benjamin Netanyahu's three-day visit to Beijing under the invitation of Chinese Premier Li Keqiang.

Tus-Holdings is playing an increasingly important role in China and Israel's ever-closer cooperation on tech and innovation, with the company agreeing a deal with Israeli investment company Compass Ventures Group earlier this month to set up science parks in Chengdu, capital of Sichuan province, and Israel, which will facilitate further collaboration between Chinese and Israeli tech companies.

Yuan Wei and other participants in the Israel Prime Minister's Business and Innovation Summit pose for a photo on March 20.

During the meeting, Yuan introduced Tus-Holdings' innovative business model to Cohen, which combines creating science parks and incubators, running brick and mortar businesses, and developing finance that support technology innovation to create an integrated ecosystem for promoting innovation.

Yuan also briefed Cohen on Tus-Holdings' global businesses in the US, UK, Switzerland, Australia and countries along the Silk Road Economic Belt and 21st-Century Maritime Silk Road. She highlighted the company's unique service model of building science parks in both China and the country of its partners to promote interactive development and close collaboration among incubators, innovation platforms and funds. She said Tus-Holdings views Israel as key for the company to take the next step in its global expansion.

The pair also had a productive discussion of the possibility of cooperating to promote scientific innovation, bringing new technology to market, and technical investment.

Cohen spoke highly of Tus-Holdings' expertise and executive skill, and said that, as an innovative country, Israel looks forward to more opportunities to work with China on technology innovation.

"We welcomed Tus-Holdings to deepen its cooperation with Israeli universities, scientific institutions and businesses," said Cohen.