Suzhou Opening & Innovation Development Investment Promotion Symposium was held in Singapore yesterday.
A total of 14 industrial investment and technological innovation projects as well as 16specialized service and cross-border investment cooperative projects from SIP were signed. Taicang, Kunshan, Wuzhong District, Xiangcheng District and Huqiu District (SND) also inked deals with companies in Singapore.
Established in 1994, SIP is the first governmental cooperation project between China and Singapore. Twenty-nine years later, SIP won the top place in the comprehensive assessment of the overall development of national economic and technological development zones for the seventh consecutive year. Fortune 500 companies, headquarters of multinational corporations and Lighthouse Factories have gathered in the district, giving it advantages in such fields as biomedicine, integrated circuit, and advanced materials.
Singaporean elements are a prominent feature in today’s Suzhou. Development Bank of Singapore, OCBC Bank and United Overseas Bank have all set up offices in the city. Singapore International Business Cooperation Center and Singapore Business Center Suzhou have developed into major platforms for cross-border investment between Chinese and Singaporean companies.
Singapore participated in the construction of Suzhou Center, the largest urban business complex of the city, and also founded the concept of neighborhood center, which has evolved into an integral part of the communities in Suzhou.
China-Singapore Trade in Services Innovation Forum has been held for five years in a row and become an important component of China International Import Expo.
Suzhou and Singapore are opening a new chapter in cooperation. Suzhou will always be a city for everyone.