Pacific Channel continues to strengthen its connections with China, recently creating a joint venture with the China Technology Exchange (CTEX), the technology transfer arm of the Chinese Government.
This is a significant achievement for Pacific Channel and follows its initiative in 2012 to work with ICE HOUSE to bring together a group of approximately 30 ICE Angel Chinese investors to create a forum in which high net worth Chinese can assess investment opportunities in early stage New Zealand companies.
The joint venture with CTEX will support the licensing and sales of technologies into China by New Zealand companies and assist New Zealand technology companies to access corporate partners and investors in China.
Another initiative that will help New Zealand companies succeed in China was a recent visit by Allen Yeung from the Hong Kong Angel Association. Mr Yeung’s visit was organised by Pacific Channel, as a guest of the New Zealand Angel Association to share his knowledge about Chinese angel investment and working in China.
In another positive development, one of Pacific Channel’s portfolio companies Living Green has signed a joint venture agreement with a Chinese corporate, covering product and market development. Consequent to the JV, local NZ Chinese investors have also invested in Living Green, which formulates and manufactures natural cleaning and hygiene products for commercial and specialist markets. Congratulations to Living Green for achieving this significant milestone.
Pacific Channel continues to work with Chinese investors that are seeking access to investment opportunities in early stage New Zealand companies, particularly those aligned to the seven emerging industries of national strategic importance to China. These areas are as follows – energy-saving and environmental protection industries, new generation information technology, biotech industries, hi-tech equipment manufacturing, renewable energy, renewable energy vehicles and new material technologies