china flag in shanghai

Chinese investment in the Puget Sound region is about to go beyond real estate.

A Chinese venture capital group wants to open an office in the Seattle area so it can invest in the region’s tech and biotech industries, the director of the city of Seattle’s economic development office Brian Surratt confirmed Wednesday.

Surratt declined to reveal the name of the firm but he believes it would be the first Chinese venture group to establish a presence here.