The opening ceremony for Shishan Business Innovation Zone is held in Suzhou New District on Nov 28. [Photo provided to english.snd.gov.cn]
The opening ceremony for Shishan Business Innovation Zone was held in Suzhou New District (SND) on Nov 28, local media reported.
Officials from the Jiangsu provincial department of commerce, Suzhou municipal government, and SND attended the ceremony, where they expressed high expectations for the zone to become a hub for finance and trade, culture and tourism, headquarters economy, producer services, and high-end manufacturing.
The officials said that they would also strive to improve the zone's business environment for global investors and new businesses.
The zone is expected to help Suzhou better serve the integration of the Yangtze River Delta region and establish frequent and convenient exchanges with the western part of Shanghai, where industrial leading areas represented by Zhangjiang, Hongkou and Hongqiao are clustered.
The ceremony also saw 34 projects worth a total of 26.51 billion yuan ($4.03 billion) signed. These projects cover industries such as finance and insurance, 5G telecommunications, artificial intelligence, intelligent energy, and high-end services.
During the event, SND launched its latest talent policies which involve investing 10 billion yuan over the next three years to support innovative local entrepreneurs and companies.
The Shishan financial services cluster, the Wanxiang block chain research institute, and the Shishan fin-tech research institute were also launched at the ceremony.
Officials from the Jiangsu provincial department of commerce, Suzhou municipal government, and Suzhou New District attend the ceremony. [Photo provided to english.snd.gov.cn]