In order to further strengthen the trade and investment connections between Sichuan and Singapore, and promote more high-quality Singaporean enterprises to visit Sichuan for investment, on September 29, the 2022 Sichuan Singapore Investment Promotion and "Investment Opportunities List" Explanation Meeting was held in Chengdu through a combination of online and offline methods. Sponsors such as Sichuan Provincial Economic Cooperation Bureau, Singapore Enterprise Development Bureau, Singapore Chinese Chamber of Commerce and Industry of Singapore, China Construction Bank Sichuan Branch, and some Singapore enterprises investing in Sichuan carried out investment promotion, experience sharing, policy interpretation, exchange and interaction "face to face" and "screen to screen" in the event, and jointly promoted Sichuan Singapore industrial investment and project cooperation to go deeper and more practical.
During the investment promotion, Hui Chaoxu, Director of the Provincial Economic Cooperation Bureau, stated that Singapore, as the second largest source of foreign investment in Sichuan, has established a total of 724 foreign-invested enterprises (institutions) in Sichuan, with a total foreign direct investment (FDI) of 4.141 billion US dollars. Large Singaporean enterprises such as Yihai Kerry and Temasek have successively entered Sichuan for development, injecting new vitality into the economic and social development of our province. Hui Zhaoxu comprehensively introduced the development advantages of Sichuan from six aspects: strategic opportunities, economic development trend, resource endowment, industrial foundation, transportation system, and business environment. He detailed the latest "Investment Opportunities List in Sichuan" and pointed out that after countless tests, Sichuan is still beautiful, safe, and worth looking forward to as an investment hotspot. Participating enterprises are welcome to actively pay attention to Sichuan's major investment policies Important undertaking carriers and key investment projects, early visit to Sichuan for inspection, investment negotiations, and rooted in Sichuan.
At the meeting, Mount Huangshan Zhong, the former president of the Singapore Chinese Chamber of Commerce and Industry, reviewed the achievements made in promoting Singapore Sichuan cooperation in his speech, encouraged member enterprises to explore opportunities in Sichuan with an open mind, and said that he would promote close contact between the Singapore Chinese Chamber of Commerce and Industry and Sichuan, and actively guide and assist Singapore enterprises to invest and develop in Sichuan; Fu Anqi, Deputy Director of the West China Region of the Singapore Enterprise Development Authority, shared the investment and cooperation intentions of Singaporean enterprises in industries such as consumption, green and low-carbon, technological innovation, logistics and commercial services. She expressed that she will strengthen cooperation with the Sichuan department in this regard and jointly safeguard the smooth settlement of more cooperation projects; Wang Xiaoyong, President of China Construction Bank Sichuan Branch, introduced the development history and relevant financial policies of CCB Sichuan Branch, and said that he would provide high-quality and accessible financial services for enterprises investing in Sichuan, promote the linkage between government, enterprises and banks, and help the development of the real economy. The Provincial Economic Cooperation Bureau, Department of Commerce, Provincial Development and Reform Commission, Department of Economy and Information Technology and other relevant departments directly under the province have promoted investment opportunities around the four key industries of food and beverage, modern services, digital economy, and green and low-carbon, providing detailed and accurate industrial investment information for Singaporean enterprises to invest in Sichuan.
Representatives of Sichuan and Singapore enterprises such as Yihai Kerry, Fengshu, Yanlord Land, Singapore Airlines and Xinke Engineering attended the "offline" meeting in Chengdu, and principals of about 40 well-known enterprises (institutions) such as CapitaLand, Yeo Hiap Seng, Jinxing Food attended the "cloud" meeting from Singapore and other places. During the meeting, participating companies left intensive messages, frequently liked and enthusiastically expressed themselves in the backend.
