MOU signing between SILK Ventures and the Beijing Bureau of Financial Regulation

SILK Ventures and the Beijing Bureau of Financial Regulation have today signed a Memorandum of Understanding outlining the agreement between the two parties to cooperate in the sphere of fintech development, through preferential policies and regulatory support, as well as funding, offered by the Beijing Finance Bureau for British and European fintech companies which seek to enter the Chinese market with SILK Ventures’ support. The agreement will be implemented in three phases with the goal of establishing a special investment fund for international fintech companies.