The China-Singapore Investment Forum and the Signing for China-Singapore Cooperation Projects were held in Suzhou Industrial Park (SIP) on Nov. 25. Three batches of 26 projects were signed, covering a number of fields such as biomedicine, joint innovation, professional services, digital economy and green development, which will inject new momentum into the building of SIP into a world-class high-tech industrial park featuring openness and innovation.
As the first intergovernmental cooperation project between China and Singapore, the Suzhou Industrial Park has become an important window of reform and opening up and a successful example of international cooperation after 30 years of development. So far, SIP is home to more than 400 Singaporean-funded enterprises, with the cumulative actual use of Singaporean capital exceeding 4.9 billion US dollars.
The projects signed this time are characterized by high technology and eco-friendliness. Among them, there are 7 key cooperation projects such as the China-Singapore Sustainable Estate Joint Innovation Workshop, the project of NUS (Suzhou) Research Institute to deepen cooperation, the A*STAR Partners’ Center (Phase II) Project, and the life science foundation project of True Light Capital, 9 investment projects by Singaporean enterprises in SIP such as Gultech (Suzhou) Electronics Expansion Project of Intelligent Factory, Willowmore Critical Infrastructure Smart Access Control Solutions Project, and SIP International ESG Standard Cooperation Project, as well as 10 projects invested by Chinese enterprises such as AI Speech and Zelos to set up overseas headquarters, R&D centers and operation centers in Singapore. In addition, a batch of cooperation projects between enterprises in Singapore and SIP were announced.
“The holding of the forum is part of SIP’s efforts to deepen and broaden China-Singapore cooperation and exchanges in investment and trade,” said Jiang Weiming, director of SIP Investment Promotion Committee. In the future, SIP will continue to expand China-Singapore cooperation in such areas as investment, scientific and technological innovation, trade service, digital economy, green development and urban construction.