Faced with the complicated global situation, decreased cross-border investment and the arduous task of economic restructuring, SIP’s investment promotion system has stood up to the pressure and overcome the challenges to support SIP’s high-quality development.
Over the past 30 years, SIP has created an innovative investment promotion system featuring “professionality, coordination, innovation and pro-business”. A number of task groups dedicated to investment promotion and project support have been established, and a collaboration mechanism has been adopted to join the efforts of all related authorities to serve investment projects. SIP Administrative Committee received the United Nations Investment Promotion Award last year.
The Suzhou Industrial Park International Business Cooperation Centres have been opened in Hong Kong, Singapore, Japan, the Republic of Korea and Europe to promote concentration and flow of innovation elements. The YRD Overseas Investment Promotion Center was established to promote investment in the Yangtze River Delta (YRD) region and help Chinese enterprises seek development overseas.
Moreover, several funds have been established to underpin industrial investment, development and mergers and acquisitions, and administrative procedures for project initiation and implementation have been simplified and optimized to accelerate the progress of investment projects.
For the future, SIP aims to introduce more innovative projects that meet international norms and play a leading role in related sectors. It is stepping up efforts to improve its services for construction projects and new businesses.
