Meeting with Suzhou Industrial Park Delegation

Suzhou Industrial Park (SIP) delegation, headed by its Chairman Barry Yang, will be in Palo Alto on 12/9 to present SIP, its packages and its investment climates.

Date & Time: 15:30PM - 18:00PM, December 9th, 2008

Venue: Wilson Sonsini Goodrich & Rosati
           950 Page Mill Road , Palo Alto , CA 94304

http://www.wsgr.com/WSGR/ Display.aspx?SectionName= locations/loc_paloalto.htm

Regisration:  Free on-site registration

Organized by:
           Wilson Sonsini Goodrich & Rosati (http://www.wsgr.com)
           HYSTA (www.hysta.org)
           Zheda Alumni Network (www.zheda.org)

Agenda:
15:30               Registration and networking
16:00               Seminar starts
16:00-16:20      Speech, by Chairman Barry Yang
16:20-17:00      Presentation of SIP, by Ms. Annabel Rong
17:00-18:00      Q&A

Suzhou, a historical and cultural city close to Shanghai , has emerged as one of the most developed cities along China ’s eastern coastline in the past 14 years. Located in the economically vibrant province of Jiangsu , it is a most energetic city.

Suzhou Industrial Park (SIP) is the largest cooperation project between China and Singapore Government.  It is located beside the beautiful Jinji Lake , which lies to the east of Suzhou Old city.  On 26^th February 1994, Vice Premier Li Lanqing and Senior Minister Lee Kuan Yew represented China and Singapore respectively in signing the Agreement to Jointly Develop Suzhou Industrial Park. The project officially commenced on 12^th May in the same year. SIP has a total jurisdiction area of 288 sq km, of which, the China-Singapore cooperation area covers 80 sq km with a planned residential population of 1.2 million.

Till July of 2008, SIP has attracted over 3331 foreign-invested enterprises, including 119 Fortune 500 MNCs with an accumulative contractual foreign investment of USD 34.14 billion, and domestic companies with total contractual investment of RMB 114.99 billion. There are a number of companies with annual sales of over USD 1 billion. 70% of the companies had gone into operation and production. 80% of the companies in production for over two years have made profits and amongst them nearly one fourth have recouped their investments.

SIP has planned and constructed SIP Comprehensive Free Zone, International Science Park , including Innovation Industry Park , SIP Science Hub, Dushu Lake Higher Education Town, Bio Bay , Service Outsourcing Hub to promote the regional industrial development and build special industrial park with the characteristic of S&T. And thus, SIP is with many functional parks, better promoting the regional economy.

SIP adheres to the development of economic internationalization and new industrialization, focusing on investment selection, project upgrades, optimizing industry structure etc. Industries, including IC, TFT-LCD, automobile and aviation parts, have formed a high tech industrial cluster with international competitiveness. SIP has become the largest TFT-LCD shipment base and chip assembly and testing base in China . Also, SIP ranks third in large-scale passenger car and chip production. SIP strives to develop industries of pharmaceutical and medical treatment instruments, energy-saving and environment-protecting technologies and equipments, and hi-tech nutritional foods, etc.

SIP formed local innovation investment bodies in the fields of technological development, creative and education investment, with an accumulative investment of about 23 billion RMB. A number of creative function platforms are formed in IC design, software testing and intellectual property protection center etc. Six state-level industry bases are built, including TORCH software industry base, TORCH automotive parts industry base, national electronic information industry base, national IC industry park, national animation industry base and trail base for China software exporting Europe and US. With only 0.03% of China ’s total land area, SIP contributes about 3% of China ’s IT value and 16% of IC value. The sales revenue from automotive parts and software outsourcing are 55% and 90% that of Suzhou City ’s respectively. The total profit and tax of high technology industry is one-third that of Suzhou City ’s.

SIP positively boosts the "Multiplying Plan" of the service industry, with emphasis on " Jinji Lake ", " Dushu Lake ", and " Yangcheng Lake ".  SIP successively invested more than RMB 20 billion to build over 600,000 square meters of large-scaled service facilities for production purpose and 500,000 square meters of various commercial carriers.  With the introduction of Walmart, Carrefour, Century etc., SIP has now over 10 famous commercial brand names. Meanwhile, SIP has attracted over 20 international logistics companies such as ProLogis from the US and KWE from Japan . Hong Kong’s HSBC , UK ’s Standard Chartered are amongst the 20 banks in SIP. There are over 30 well-known professional organizations in SIP, including Price Waterhouse Coopers and Deloitte. All of these help the traditional service industry in SIP develop into the modern service industry.

For more about SIP, please review "SIP_Brief_2008.doc" or visit http://www.sipac.gov.cn/english/

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