Rt. Hon Dr Liam Fox

FPC & 8GT sign 3bn RMB MOU during PM's trip to China

  • FPC & 8GT sign one of the biggest ever single commitments to British innovation

  • Shenzen Qian Hai Sunflower Financial Services and Jian Xin Tian Ran Investment Management will in principle invest 3 billion RMB ($470 million)

  • Boosts healthcare innovation and bio-technology collaboration between the UK and China

The agreement was signed during UK Prime Minister Theresa May’s state visit to China and witnessed by Secretary of State for International Trade Liam Fox.

Douglas Hansen-Luke, Executive Chairman at Future Planet Capital, said: “We are honoured to support 8GT’s leading scientists and delighted to be part of a consortium receiving China's biggest ever single investment into foreign IP. This partnership demonstrates our continued commitment to accelerating innovation in leading centres of innovation around the world. This collaborative effort is unique: we look forward to working together closely to fund the companies of the future addressing global challenges today."