With the New Year approaching, the parent company of Silicon Valley Bank, the institution that boasts nearly half of all U.S. venture-backed companies as clients, has opened a new subsidiary in Shanghai aimed at connecting entrepreneurs with VCs, among other services.

According to
Red Herring, SVB Financial Group's business, called SVB Business Partners, is expected to organize training and networking events and angle for a slice of any business that happens between U.S. venture capitalists and Chinese entrepreneurs.

Minyi Tang is the newly appointed the general manager of SVB Business Partners (Shanghai) Co. Ltd. Her mandate at the new the subsidiary will be to advise startups on the selection of service providers such as lawyers and accountants and provide administrative and business services both for entrepreneurs and venture capitalists trolling China for deals. It will also hook clients up with Silicon Valley Bank's foreign exchange, treasury, finance, trade, and other financial services.

Silicon Valley Bank has been involved in Asian markets since the early 1990s, and in China specifically since 1999, building key relationships with technology companies, entrepreneurs, venture capitalists and service providers to help our clients work with businesses in and sell into overseas markets.