Xinhua Silk Road: Nanjing Jiangbei New Area presents fruitful achievements after 5 years of establishment

Stocks and Financial Services Press Releases Monday June 29, 2020 09:00
NANJING China--29 Jun--PRNewswire/InfoQuest
Nanjing Jiangbei New Area, a state-level new area in East China's Jiangsu Province, celebrated its fifth anniversary of establishment on Wednesday.

Since its establishment was officially approved by China's State Council in June 2015, Jiangbei New Area has been actively engaged in the development of the Yangtze River Economic Belt and the integrated development of the Yangtze River Delta.

Over the past five years, data show that its major indicators, including GDP, general public budget revenue and fixed investment, have doubled.

Jiangbei New Area has constantly improved business environment by reforming its administrative examination and approval system. Up until now, 33,298 enterprises and 352.7 billion yuan of registered capital have been added to the new area.

Since 2018, Jiangbei New Area has carried out the reform of separating business licenses and operation certificates. So far, documents for applying starting business in the new area have been reduced by nearly 60 percent and the approval efficiency has been increased by nearly 90 percent.

To promote innovation, Jiangbei New Area has been making efforts to gather high-end and competitive innovation forces. More than 100 new research and development institutions have been set up, including a science and technology innovation center of the University of Cambridge and the largest gene sequencing base in Asia.

To participate in the building of a modern industrial agglomeration area in the Yangtze River Delta, the new area has been focusing on the construction of a city of chips, a city of gene technology and a new financial center.

The city of chips has become home of more than 600 enterprises in three years, including industry leaders such as Huawei, Aisino Corporation and Empyrean Software, with the industry's total output value surpassing 50 billion yuan.

The city of gene technology has gathered more than 800 enterprises with an industrial scale of nearly 100 billion yuan, while the new financial center hosts over 400 funds with a total capital of 500 billion yuan, providing strong support for the development of emerging industries.

Original link:

Latest Press Release

SET market report for June 2020

The Stock Exchange of Thailand (SET) Index at end-June closed at 1,339.03 points or a 0.3 percent drop from the previous month but a 2.8 percent rise in terms of US dollars. Practically all industries outperformed SET Index, excepting Financials and...

Bangkok Bank announces system maintenance to upgrade services

Bangkok Bank will perform a scheduled upgrade of services to increase its service efficiency and better serve customers. Bangkok Bank and other bank customers will not be able to use Bangkok Bank’s services on the dates and times indicated...

Car4Cash offers scholarship to support parents during the new semester reinforcing commitment to fighting alongside everyday heroes

Car4Cash, the leader in automotive refinance market, reinforces its commitment to alleviating customers’ financial burdens with the campaign “Car4Cash scholarship: supporting everyday heroes for the new semester”. To offer encouragement...

PTT offers 2 series of bonds: 3Y green bond and 7Y bond during 20 - 23 July 2020 with AAA(tha) rating and the coupon rates of 2.25% and 2.85% p.a.

With the successful issuance of THB 20,000 million bonds to Institutional and High net worth investors on 2 July, PTT Public Company Limited (PTT) will offer 2 series of bonds to the general public, consisting of 3-year green bond with a coupon rate of...

KBank Private Banking wins the fourth award so far in 2020 at PWM Wealth Tech Awards 2020

Mr. Jirawat Supornpaibul, KBank Private Banking Group Head, recently received the “Best Private Bank for Portfolio Management Technology – Asia”, which is the fourth award so far in 2020, at the PWM Wealth Tech Awards 2020. This award...

Related Topics