As a part of business trip to China on December, 17 RUSNANO and China Aerospace Science and Industry Corporation (CASIC) signed a strategic cooperation agreement in order to support development, production, export/import of high-technology industrial products, and expansion of bilateral investment cooperation. The document was signed by Boris Podolsky, Deputy Chairman of the Executive Board of RUSNANO, and Cao Jianguo, General Director of CASIC.

RUSNANO and CASIC took a decision to integrate their opportunities for the purposes of high-technological projects implementation, as well as technical, commercial, and investment cooperation. Within the agreement contracts may be entered into both between RUSNANO and CASIC, and their subordinate undertakings, organizations, and portfolio companies.

The following key focus areas are determined:

nanostructured ceramics;
composite materials;
plasma surface modification.

A possibility of establishing RUSNANO and CASIC investment fund is stipulated by the agreement in order to implement joint projects. After internal corporate procedures a further work plan, parameters, and legal structure of the fund will be determined.

The Parties also agreed upon application of strategic agreements with regard to the largest national companies and corporations, regions and provinces, as well as with other partners in order to develop joint business. Public and private investors, as well as institutes of development may be involved in cooperation.

The agreement is also aimed at expansion of relations with large national corporations, industrial groups, and institutes of development.