SINGAPORE -- Jiangjin District of southwest China's Chongqing Municipality held its first investment promoting event in Singapore on April 24 to explore cooperation opportunities with Singapore and other members of the Association of Southeast Asian Nations (ASEAN).
Jiangjin District is a vital link on the southbound passageway of Chongqing-Guizhou-Guangxi-Singapore and a key point on the Silk Road Economic Belt. It is not only an important carrier for the industry transformation and upgrading of China's western regions, but also a new gateway for Chongqing's opening-up to the outside world, said Cheng Zhiyi, Secretary of Jiangjin District Party Committee.
Cheng gave a full display of the excellent investment environment and investment value of Jiangjin District to politicians, businessmen, and local enterprises and institutions during the event.
In recent years, Jiangjin District has been favored by Singaporean enterprises that intend to make investments. Projects invested by Singaporean enterprises include Mapletree comprehensive industrial park, Yingli international hardware and electrical machinery market, ProLogis (Chongqing) Luohuang logistics park, and BLOGIS. These businesses have already settled in Jiangjin District.
Temasek Group and Singapore's Chongqing Chamber of Commerce have also turned their eyes to Jiangjin District and established a close partnership with it.
At the investment roadshow, the People's Government of Chongqing, Jiangjin District signed a total of 12 cooperation agreements with a group of Singaporean research institutions, business associations, and companies. Among them were with the Singapore Alumni Association of Dalian Maritime University, the National University of Singapore (NUS) Optical Science and Engineering Center, Singapore-China Business Association, and Business China.
The Chongqing Baisha artist village project was also one of these, co-invested by Jiangjin District and Nanyang Ventures Pte Ltd, together with Xiamen Ancient Art Culture Communication Co., with 115 million yuan or close to USD18.2 million. (Xinhua Finance Agency/China Economic Information Service/AsiaNet)
