The city of Suzhou will spare no efforts to develop into an industrial capital center with national influence, according to Suzhou International Equity Investment Summit Forum held on Saturday.
Suzhou has announced several measures on the promotion of the sustained and high-quality development of equity investment in a bid to accelerate the launch of an industrial capital center with national influence.
More incentives will be made to stimulate non-government capital to continuously increase investment in key core technologies such as next-generation information technology, high-end equipment, new materials, new energy, and biomedicine with a view to supporting the rapid development of local innovative and entrepreneurial enterprises.
At the same time, Suzhou will set up an equity investment professional talent award. For core professionals in the equity investment field, each person will be rewarded with a maximum of 400 thousand yuan per year. For qualified equity investment institutions, the maximum award will be 20 million yuan.
26 fund investment contracts were signed at the Summit Investment Forum to bring Suzhou a total amount of over 60 billion yuan.
Suzhou currently has 68 financial institutions, and 50% of insurance companies and securities companies in the country have set up their branches in Suzhou.
By registering 429 private equity fund managers with 1,580 private equity fund products, Suzhou reports more than 400 billion yuan managed funds, both figures ranking first in the province.
Last year, Suzhou reported 177 billion yuan in the added value of the financial industry, ranking among the top ten in the country in terms of the comprehensive strength of the financial industry.
