East China’s Jiangsu province has made remarkable progress in its overseas development by tapping into the country’s Belt and Road initiative, as is evidenced by the achievements made by the China-UAE Industrial Capacity Cooperation Demonstration Zone and the Sihanoukville Special Economic Zone.
The China-UAE Industrial Capacity Cooperation Demonstration Zone is located in the Khalifa Industrial Zone and covers an area of 2.2 square kilometers, with the main layout of new energy, aluminum products processing, business logistics, petrochemical, food processing and other industries.
The UAE is China's important partner in the Gulf Region and an important fulcrum for the construction of the Belt and Road. A car ride from the capital Abu Dhabi along the coastline to the north will bring you to the Khalifa Industrial Zone which is about 60 kilometers away from the capital. The China-UAE Industrial Capacity Cooperation Demonstration Zone is located here.
Tan Tian, a Chinese worker at the zone中阿产能合作示范园工作人员 谈天
I am a staff member of
Jiangsu Overseas Cooperation Investment Co., Ltd.
Behind me is the management service center of the park
that is already capped for immediate operation
I am very proud to be the builder of the park
The pioneers from Jiangsu have witnessed the whole process of the China-UAE Industrial Capacity Cooperation Demonstration Zone rising from the vast desert.
In December 2015, riding the wave of the Belt and Road, the China-UAE Co-investment Fund was formally established with the consensus of the leaders of the two countries on the establishment of the China-UAE Industrial Capacity Cooperation Demonstration Zone. Jiangsu is responsible for the construction of the industrial park. On July 31, 2017, China and UAE signed an inter-governmental cooperation agreement and the demonstration zone was officially opened.
From vision to action, the rapid development of the China-UAE Industrial Capacity Cooperation Demonstration Zone is inseparable from the deep cooperation between the two countries in financial interconnection.
On May 11, 2018, the Abu Dhabi International Financial Center and the Financial Services Regulatory Authority's China Office was established to quickly spur the local capital market and allow enterprises to obtain direct financing in the short term.
On July 20 of the same year, under the joint witness of the leaders of the two countries, the financial service platform for the China-UAE Industrial Capacity Cooperation Demonstration Zone was established.
Fu Chenggang, Chief Representative of China, Abu Dhabi International Financial Center 阿布扎比国际金融中心中国区首席代表 傅诚刚
The overseas bases for industrial capacity cooperation
financial service operation and overseas investment
under the Belt and Road framework
especially those in the Middle East and North Africa
is like a high-speed rail that provides energy and capital
Riding the wave of financial cooperation, the China-UAE Industrial Capacity Cooperation Demonstration Zone has witnessed smooth progress since its establishment.
At present, the financial platform company has completed registration, and three companies have officially entered the park with a total investment of nearly 3 billion yuan. At the 2nd Belt and Road Forum for International Cooperation, the China-UAE Industrial Capacity Cooperation Demonstration Zone and related science and technology cooperation projects were included in one of the important achievements of the "Belt and Road" cooperation.
Ali Al Dhaheri, UAE ambassador to China阿联酋驻华大使 阿里·扎希里
China and UAE are off to a good start in cooperation
We look forward to expanding our cooperation
in the future and we are very confident
By the end of 2018, Jiangsu had registered 160 listed companies in foreign countries by raising 126.2 billion yuan of fund from IPO.
Liu Huaijin, General Manager, Corporate Business Department, Agricultural Bank of China, Jiangsu Branch中国农业银行江苏省分行公司业务部总经理 刘淮金
We have always make finance project-oriented
In recent years
the Agricultural Bank of Jiangsu Branch
has provided nearly 7 billion yuan of financing services
to Lianyungang Port Group
SCO International Logistics Park
and Sino-Kazakhstan Logistics Park
We have also funded various projects
for more than 400 outbound enterprises such as Sumec
involving 39 countries and regions along the Belt and Road
Lin Zicong, Managing Director, DBS Bank (China) 新加坡星展银行中国公司业务总裁 林子聪
DBS attaches great importance to
the cooperation relationship with Suzhou Industrial Park
in a bid to promote cross-border RMB services
and then better serves China's financial market
Under the financial assistance, Jiangsu, which is at the intersection of the Belt and Road, has launched its Silk Road trade plan by imprinting the silk of Shengze town and the home textile of Dieshiqiao onto the map of Belt and Road.
Zha Binyi, Director of Jiangsu Provincial Supervision Bureau for Local Finance 江苏省地方金融监督管理局局长 查斌仪
We must strengthen cooperation with overseas financial institutions
share the development of financial technology and talents
implement the principle of going global
conduct financial services for enterprises going global
and use overseas financial platforms
to better introduce overseas financial resources
and carry out all-round cooperation
*Klaus Hengsbach: Deepen cooperation with Jiangsu universities and shape a future with industry 4.0
2019 marks the 70th anniversary of the founding of People’s Republic of China. Hello Jiangsu presents a special series called Top Talk. We will invite 12 foreigners to talk about their stories with Jiangsu and share their thoughts on the development of their industries. Today, we meet Klaus Hengsbach, Vice President of New Automation Association of Germany.
