The promotion conference on Kunshan modern service industry was held in Hong Kong on 14th April, where 13 programs have been signed, with total investment volume of $612 million, and registered foreign capital of $330 million. Senior assistant to the minister of the Economic Affairs Department of the Liaison Office of the Central People’s Government in the Hong Kong SAR Yan Yi, chairman of the United World Chinese Association Chen Wanqi, high ranking officials from Hong Kong China Industrial & Commerce Association, from Hong Kong Trade Development Council, from Hong Kong Productivity Council and from Hong Kong Electronics & Technologies Association, Secretary of Municipal Party Committee Zhang Guohua, and other municipal officials such as Zhu Fengquan, Ren Xueyuan and Gu Jianyu attended the conference. Vice mayor Huang Jian presided over the conference.

In his address, Zhang Guohua said that this is the seventh consecutive year that the Kunshan government officials have come to Hong Kong to recruit investment. Like before, they strongly feel the businessmen’s enthusiasm towards Kunshan. This time, the Kunshan government aims to strengthen its cooperation in the modern service industry with Hong Kong which is an international financial and shipping center and has a strong modern service industry.

Last year, to combat the global financial crisis, the Kunshan government put forward seven local documents to support the development of different enterprises. As a result, its economy has been growing steadily in two figures.

The characteristics and trends of the industries formulated with the development of the Yangtze River Delta are also becoming increasingly clear, leading to a more targeted cooperation with Hong Kong.

Zhang also pointed out that, recently the State Council has approved the plans to revitalize ten industries in China, as well as the opinions about facilitating the development of modern service industry and advanced manufacturing industry in Shanghai and building Shanghai as the international financial and shipping center. Moreover, Shanghai will host the 2010 World Expo.

All the facts above have brought golden opportunities for Kunshan and Shanghai to develop industries such as financial service outsourcing, logistics and headquarters economy, to increase their complementary advantages and to enhance the strategic cooperation with each other.

To promote its cooperation with Hong Kong through extending channels and bearing capacity of projects, the Kunshan government now is working upon the “four tens” program. That is to establish ten innovation carriers of science and technology, ten modern service industry cluster districts, ten distinctive industrial bases, and ten leading industrial chains.

In the end of his speech, Zhang welcomed the guests to Kunshan for sightseeing, investigation and investment.

Municipal Standing Committee member, Deputy Secretary of the Kunshan Development Zone, and Deputy Director of the Administration Committee of the Kunshan Development Zone Gu Jianyu, Deputy Secretary of the Party Working Committee Of the Huaqiao Economic Development Zone and Deputy Director of the Administration Committee of Huaqiao Shen Huafei, have respectively promoted the functions of bonded logistics in Kunshan and given an overall introduction to Huaqiao. Vice Chairman of the Hong Kong Chinese Enterprises Association Wang Liaoping, and representatives from enterprises such as Chen Chien Holdings Ltd., Alps Logistics shared with over 250 guests from home and abroad the feelings during their visits to Kunshan and their evaluations about the investment environment in Kunshan.

In this conference, the Kunshan government has signed investment agreements with well-known companies from Hong Kong such as Plainvim International Ltd.. There are eight signed projects whose total investment volume exceeds 50 million dollars each. The fields involved range from logistics and creative design to finance back-office service.