Cultivating world-class enterprises with global competitiveness is the new direction and new requirements for the reform and development of state-owned enterprises in the new era. From the perspective of international management, exchanges and mutual learning for cooperation and win-win has become a new posture for Jiangsu’s state-owned enterprises to enhance their global development strategy in the new era.
The China-UAE Capacity Cooperation Demonstration Park, which is mainly invested by China Jiangsu International Economic and Technological Cooperation Group Co., Ltd., is stepping up its construction with the initial zone of 2.2 km2 progressing smoothly. Construction has also broken ground on the road network, workshops and living quarters.
The China-UAE Capacity Cooperation Demonstration Park has been approved as China's first "Belt and Road" capacity cooperation park. It is expected to become an important window for investment and trade cooperation between China and the UAE and the Gulf countries in the future.
In the meantime, SOEs in Jiangsu are also cashing on the opportunities brought by the launch of the connectivity mechanism between the Shanghai Stock Exchange and the London Stock Exchange in June 17 this year. Huatai Securities, a large SOE from Jiangsu and a technology-enabled securities group, became the first issuer on the London Stock Exchange Group by using the Shanghai-London Stock Connect mechanism.
Under the Shanghai-London Stock Connect mechanism, Shanghai-listed companies can list on the London Stock Exchange via Global Depositary Receipts issuance, while British companies can issue China Depositary Receipts on the Shanghai Stock Exchange.London Stock Exchange is home to over 2,000 issuers from more than 100 countries.
In recent years, the Provincial State Assets Supervision and Administration Commission has taken drastic measures to support its SOEs to seek greater global operation and presence. 12 SOEs in Jiangsu have launched overseas business endeavors by investing in agriculture, trade, construction engineering, and capital services in America, Europe, Africa, the Middle East, Southeast Asia and Hong Kong.
（source：ourjiangsu.com）
