State-owned assets and enterprises have played a vital role in SIP’s growth over the past 30 years, and now serve as an important driving force for its development towards an open and innovative world-class high-tech park.

A number of state-owned enterprises including SIP Science & Technology Development Co Ltd and Suzhou Industrial Park Biotech Development Co Ltd emerged as SIP began to shift its focus to emerging industries. They are now operators of the most thriving industrial clusters in SIP, such as SISPARK and BioBAY.

Other state-owned enterprises like Sungent Group, Suzhou Industrial Park Urban Renovation & Development Co Ltd and Hengtai Holding have made remarkable contributions to SIP’s infrastructure construction. Statistics show that they have built industrial facilities with a total floor area of 10 million square meters on this land.

State-owned fund management organizations like ORIZA Holdings and Harvest Capital have established an integrated financial service system for businesses engaged in different sectors.

ORIZA Holdings, for example, has managed funds of more than RMB120 billion, incubated 111 publicly listed companies and invested in over 180 sub-funds by October.

These organizations have partaken in the management of 190-plus funds, and over 90% of their investments in SIP flow to the two leading industries and four emerging industries in the park. In the first half of this year, over 20 businesses in SIP’s biotech cluster BioBAY raised funds of RMB2.4 billion in total.

Looking into the future, the state-owned enterprises have got ready to pull off greater achievements together with SIP.

November 22, 2024