Sino Swiss Partnership Fund

The Sino Swiss Partnership Fund (SSPF) was established as a joint initiative between the Swiss and Chinese governments in 1998. It has been established as an "evergreen" structure in the form of a Chinese company. The original purpose of the fund was to enhance the cooperation and the technology development among Chinese and OECD companies (in particular Swiss companies), mainly through joint ventures. SECO committed CHF 40.0 million and the China Development Bank committed CHF 22.5 million to the fund for a total corpus of CHF 62.5 million.

The fund’s principal activities are investment in equity and debt securities and provision of consulting services to joint ventures. In 2006, the Chinese and Swiss shareholders of the fund reached an agreement on the expansion of the fund’s scope of operation to include equity and debt investment in domestically-funded enterprises, joint ventures, cooperative ventures, licensees, wholly owned foreign enterprises and overseas enterprises, and consulting and advisory services to the invested enterprises.

SSPF is managed by the Sino-Swiss Venture Capital Company (SSVC), a Chinese domiciled management company whose shareholders are the China Development Bank and SECO.