On October 28, Minister WAN Gang met with visiting President and CEO of Silicon Valley Bank (SVB) Group Ken Wilcox and CFO Mike Descheneaux.

WAN conducted in-depth discussion with President Ken Wilcox concerning promoting the development of technology-based SMEs, facilitating innovation, strengthening financial support for the translation and industrialization of research fruits, and so forth.

Mr. Wilcox highly affirmed the contributions made by MOST and Minister WAN in developing S&T in China, especially in promoting clean energy technologies. He also said that SVB was ready to beef up cooperation with China to support the growth of technology-based enterprises.