More than 5,000 business executives representing 2,000 companies are expected to attend the China-Israel Investment Summit in the Chinese coastal city of Zhuhai on July 2 and 3.

Zhuhai Huafa Group, an organising member of the fourth annual summit to be held at the Zhuhai International Convention and Exhibition Center, announced this is in a statement through PR Newswire.

The summit is a major platform for technology and economic cooperation between the two countries. It has the support of the two governments as well as leading business groups from both countries, said Zhuahai Huafa.

China will be represented by senior officials from the National Development and Reform Commission, the Guangdong provincial government, and the municipal governments of Zhuhai and Shantou. Israel will be represented by Minister of Regional Cooperation Tzachi Hanegbi, Nagev Cohen, its consul-general in Guangzhou city, and officials from the Ministry of Economy and Industry, and Ministry for Social Equality.

Also expected to attend are Yao Yudong, a former senior official of the People’s Bank of China, Yu Yi of Accenture Digital Services, Xiong Yi of IBM, Dong Mingzhu of Zhuhai Gree Electric Appliance Co Ltd, Wu Guangquan of the China National Aero-Technology International Holdings Limited (AVIC International), Shraga Brosh, President of the Manufacturers’ Association of Israel, and Oded Shoseyov, Professor of Protein Engineering and Nano-Biotechnology at the Hebrew University in Jerusalem.

Zhuhai Huafa Group and Israel’s Infinity Group are co-organisers for this year’s summit, whose theme is “Innovation Cooperation for a Bright and Smart Future in the Guangdong – Hong Kong-Macao Greater Bay Area”.

The event will provide inputs for Zhuhai’s plan to become a hub for emerging businesses in smart manufacturing, the digital economy, biomedicine, intellectual property creation and protection, and smart city solutions.

With more than 2,000 companies in attendance, the summit will also provide opportunities for Sino-Israeli B2B exchanges, and the introduction of investment projects between China and Israel to deepen bilateral economic ties, said Zhuhai Huafa.

Chinese and Israeli companies and institutions will hold negotiations and agreement-signings on dozens of cooperation projects with investment worth a total of nearly 10-billion yuan. (US$1=6.62 yuan).

The companies at the summit are involved in manufacturing and automation, mobile communications, clean energy, agricultural science and food technology, Internet of things, automotive technology, financial technology, industrial applications, life sciences and academic research.