Suzhou Finance Town, rated as a Jiangsu Provincial Characteristic Town, offers capital resources for Suzhou's real economy. [Photo/WeChat account: suzhoufabu365]
An event celebrating the upcoming New Year and Chinese Lunar New Year was held in Suzhou Finance Town -- in Suzhou, Jiangsu province on Dec 20 -- attended by more than 50 representatives from financial and investment institutions, according to local media reports.
Suzhou Finance Town, set up by Suzhou New District and China Merchants Group, is located in Suzhou Science and Technology City, with a planning area of about 4 square kilometers.
The finance town currently houses more than 580 financial development services and investment institutions with capital of nearly 100 billion yuan ($14.26 billion).
Officials said this has created a powerful agglomeration effect, which will greatly promote the economic transformation and upgrading, as well as innovative development of Suzhou.
They said that in future, the town will set up a platform for industry-research cooperation and technology transformation, in an effort to become a new growth engine for scientific and technological innovation.
It will also provide a big boost to Suzhou’s leading industries – including new generation of information technology, new energy resources, medical apparatus and instruments, biomedicines and other areas of healthcare.
