JTA NEWS
22 December 2014 - 30 Kislev 5775 - ל' כסלו ה' אלפים תשע"ה
JTA NEWS :
Business
Bank Leumi opens representative office in Shanghai E-mail

Bank Leumi held a festive event on 18 May to inaugurate its new representative office in Shanghai.

This is the first and only representative office of an Israeli bank in China, which was opened a few months ago with the aim of serving as a financial bridge between the Chinese and the Israeli economy.

The representative office will assist Israeli companies currently operating in China – or that wish to penetrate the Chinese market – and Chinese companies wanting to penetrate the Israeli market or invest in Israel.

The representative office is the first step towards the establishment of a full banking business branch in China.

The event was attended by Israel’s new Consul-General to Shanghai, Arnon Perlman and senior executives of Bank Leumi, including Chairman of the Leumi Group, David Brodet. Other guests included Leumi customers, business partners, local government officials and representatives of Chinese banks and investment houses.

“The representative office has a strategic role in deepening economic ties between China and Israel,” said David Brodet, Chairman of the Leumi Group.

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Air Services Agreement signed E-mail

The Air Services Agreement (ASA) between the Philippines and Israel was signed on 26 May by the Philippines Department of Transportation and Communications (DOTC) Secretary Joseph Abaya and Israel’s Ambassador to the Philippines, Menashe Bar On.

Israel is the biggest tourist destination of Filipinos in the Eastern Mediterranean Europe. Currently there are no direct flights. The anticipation of the agreement will also allow more religious Filipinos the opportunity to make the pilgrimage to the Holy Land an easier one.

The agreement is expected to encourage both countries to explore each other’s’ tourist destinations as well as provide more jobs in the economic and tourism sectors.

It is anticipated that this will also pave the way for more trade opportunities as well as help the thousands of Filipinos working in Israel who wish to come home more often and visit their families.

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IDE’s desalination facilities assisting China and Japan E-mail

As part of her recent visit to Israel, Liu Yandong, Vice Premier of China, recently toured IDE’s desalination plant in Hadera.

Vice Premier Yandong recognised the great potential for collaboration in water technologies between China and Israel, which she is keen to develop, expressing that IDE’s extensive knowhow could be applied to China’s water issues. “Innovation is an important part of the Chinese strategy and I am glad to visit in Israel, the startup and innovation nation,” she added.

IDE’s CEO, Avshalom Felber, presented the desalination facility to Mrs Yandong. IDE has built a plant in Tianjin which is China’s largest desalination plant.

“Every day, IDE desalinates three million cubic meters of water across the world,” said Felber. During the tour, the Vice Premier tasted the desalinated water that emerges from the desalination process. She was accompanied by a substantial delegation from China, including the Chinese Ambassador in Israel, Mrs Gao Yanping.

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Trendlines Group to establish agritech incubator in Anhui E-mail

The Trendlines Group and Anhui Luban Construction Investment Group have agreed to establish an agritech incubator in Anhui Province, China.

The joint venture technology incubator which was announced in April will benefit from Trendlines’ strength in creating and developing new agricultural technologies while leveraging Luban’s local agricultural market knowledge, manufacturing facilities, and distribution network in China.

Headquartered in Israel, Trendlines Group invest in, incubate, and support early-stage, high-promise medical and agricultural technology companies in Israel. Todd Dollinger, Chairman and CEO of Trendlines, remarks: “Our partnership with Luban capitalizes on our expertise in managing entrepreneurial ventures and partnering with leading companies that have a market presence. China needs and actively seeks localized, market-appropriate technologies. Luban has the experience and skills to provide market knowledge, manufacturing, and distribution capabilities for us to succeed together. This joint venture is a win-win.”

Wang Xiwen, Chairman of Anhui Luban Group, says: “Israel develops many worldleading agricultural technologies and Trendlines’ strength is to develop and bring these advanced agritech companies to fruition. I truly believe that Israel’s innovative technologies are urgently needed by Luban to develop our modern agricultural industry in China. The establishment of the joint venture will not only expand applications of Israel’s advanced technologies in China, but with the involvement and influence of the Luban Group, garner more investment opportunities for these projects and enhance cooperation in the future between Luban and Trendlines.”

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Hong Kong delegation attend Israel Innovation Week 2014 E-mail

A 35-member strong delegation, the largest ever from Hong Kong, recently visited Tel Aviv, to attend Israel Innovation Week 2014. A mega international conference for the most visionary industry and political leaders in innovation from around the world to meet.

Israel Innovation Week 2014, was held during 20-22 May, and its major highlight MIXiii Israel Innovation Conference, is an event that combines both business and government perspectives. There are biomed and high-tech exhibitions and various sessions covering topics of mutual interest to the entire advanced technology industries and outlook of innovation and R&D policy.

The Hong Kong delegation comprised government officials, representatives of technological organisations and businessmen, had the opportunity to participate in discussions, panels, product demonstrations and networking.

The delegation included; Simon Galpin, Director-General, InvestHK, Professor On-ching Yue, Innovation and Technology Commission, Allen Ma, CEO, HK Science & Technology Park, Mark Cliff, COO, HK Cyberport, Paul Ho, R&D Director, Nano & Advanced Materials Institute (NAMI) and Dr Lawrence Cheung, GM, APAS, Automative and Electronics, HK Productivity Council.

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