According to news reports on june 4, Softbank China is planning to set up a RMB 600 million Venture fund in Foshan City of Guandong, and is in talks with differernt district governments. Mr. Pan Zhengrong, The Principal from Softbank China Venture Capital, revealed that in the past month or so, his firm has made inspection tour of dozens of local firms in new material, medical device sectors, and tapped potential investors.