The 17th Meeting of the Singapore-Jiangsu Cooperation Council was held in Singapore on Oct 9,deepening cooperation between both sides.

During the meeting, Sembcorp Water Tech (Nanjing) Co Ltd and the Jiangsu Branch of Institute of Singapore Chartered Accountants signed strategic agreements with Sino-Singapore Nanjing Eco Hi-tech Island.

To deepen cooperation between Singapore and Nanjing on multiple fields including investment trade, cross-border finance and business tourism, the Promotion Conference on the Opening Up and High-quality Development of  the Service Industry in Nanjing, China & 2023 Singapore Nanjing Eco Hi-Tech Island Economic and Trade Cooperation Conference was held in Singapore.

The event was guided by Nanjing Municipal People’s Government, hosted by Nanjing Municipal Bureau of Commerce, Nanjing Local Financial Supervision Bureau, Nanjing Hexi New City Development and Construction Management Committee and the People's Government of Nanjing Jianye District, organized by Nanjing Eco-Tech Island Economic Development Zone Management Committee, Nanjing Finance Development Zone Service Center and Sino-Singapore Nanjing Eco-Tech Island Development Co Ltd. It was greatly supported by Singapore Chinese Chamber of Commerce and Industry, with over 180 attendees from the Singapore government, officials of renowned enterprises and business circle, and representatives of scientific research institutions and universities.

Mutual Benefits

To build up a new model of cooperation

China and Singapore, which is the largest source of investment and important destination of investment for China, enjoy a long history of friendly exchanges. This year marks the 45th anniversary of China’s reform and opening up, and two countries have officially advanced into an “all-round high-qualityfuture-oriented partnership”. The practical cooperation between Singapore, Jiangsu and Nanjing will embrace new development opportunities in the future.

Deng Zhiyi, member of the Standing Committee of CPC Nanjing Municipal Committee and vice mayor of Nanjing Municipal People’s Government, pointed out in his speech that Zheng He, the Chinese renowned navigator, visited Singapore many times during his seven tours from Nanjing to the west over six hundred years ago. In recent years, Nanjing and Singapore have comprehensively deepened economic and trade cooperation. In the future, Singapore and Nanjing will join forces  to promote trade and investment  facilitation, expand the opening-up of service industry and improve coordination in science, technology and innovation development, further consolidating accomplishments and promising more new benefits.

"The Singapore Chinese Chamber of Commerce will spare no effort to work with Nanjing to boost Singapore-China cooperation, development and friendship." Kho Choon Keng, president of the Singapore Chinese Chamber of Commerce, said that the Singapore Nanjing Eco Hi-tech Island is a new model of cooperation between the two parties in promoting innovation and entrepreneurship, industry-city integration, and sustainable development. In the future, the Singapore Chinese Chamber of Commerce will also actively facilitate the development of Singapore-China business and bilateral exchanges between Singaporean and Chinese-funded enterprises.

At the meeting, Zhong Shengjian, chairman of the Board of Directors of Yanlord Land Group and director of the Singapore Chinese Chamber of Commerce, said that Singapore Nanjing Eco Hi-tech Island is Singapore’s second regional comprehensive economic and trade cooperation platform in Jiangsu after the establishment of Suzhou Industrial Park. Nowadays, the island has become a window for Nanjing’s green and sustainable development, a central city hall, and a new business card for economic and trade cooperation between Singapore and Jiangsu. More Singaporean companies and talents are welcomed to invest and start business on the island.

At the end of last year, the State Council officially approved Nanjing to launch a comprehensive pilot program to expand the opening-up of the service industry, which has brought new strategic opportunities for Nanjing to improve its city level and gather advanced resources from the global service industry. Liu Yonghui, director of Nanjing Municipal Bureau of Commerce, introduced Nanjing’s policies on expanding the opening-up of the service industry at the promotion conference.

At the meeting, Lu Hong, deputy director of Nanjing Eco Hi-tech Island Management Committee, and Zhou Cheng, Executive Director of Sino-Singapore Nanjing Eco Hi-tech Island Investment and Development Co Ltd respectively gave presentations on the island's industrial development, policies and land plannings.

Jointly promoted by Jiangsu Provincial Government and Singapore Ministry of Trade and Industry, the Sino-Singapore Nanjing Eco Hi-tech Island project was launched in 2009. It is an integrative cooperation project jointly developed and constructed by Singapore and Nanjing. It is also a model for a future city jointly created by China and Singapore. As the island's garden city begins to emerge and industrial development continues to accelerate, it will become the first choice for Singaporean companies to invest in China.

Following the meeting, a roadshow event was held. Companies involving logistics technology platforms and Internet of Things and quantum communications such as Jiangsu Linghao Network Technology Co Ltd, Jiangsu Yunkuaichong New Energy Technology Co Ltd and Nanjing Qshine Co Ltd participated in the event. The event attracted more than 40 well-known investment and financial institutions from Singapore, including Global Logistic Properties, Oriental Capital, SYN Global and Huatai Singapore, for exchanges.

Standing at the forefront of development opportunities for both Nanjing's service industry and  Singapore Nanjing Eco Hi-tech Island, it is of great importance to deepen connectivity, face up to challenges, and achieve win-win cooperation between China and Singapore.

The  Singapore Nanjing Eco Hi-tech Island is a "pearl" in the Yangtze River and provides a broad development platform for entrepreneurs and investors in both countries. In the future, both sides will continue to focus on industrial technological innovation, jointly promoting the integrated development and innovative cooperation of leading industries, and building up a model benchmark for China-Singapore cooperation.