A delegation of Singaporean companies paid a visit to the Qingdao Area of the China (Shandong) Pilot Free Trade Zone, or Qingdao FTZ, to carry out inspections on May 9, aiming to deepen cooperation across various sectors and explore international markets.
A delegation of Singaporean companies pays a visit to the Qingdao FTZ to carry out inspections on May 9. [Photo/WeChat account: qingdaozimao]
During the visit, the delegation toured the reception hall of Qingdao FTZ and Haichen Park, gaining insight into the area's main advantages in urban-industrial integration, eco-friendly living, and innovative development.
Gao Shanwu, the zone's director, warmly welcomed the Singaporean delegation and provided a detailed overview of the development of the zone and the Sino-German Ecological Park.
Highlighting the multiple national policy advantages of the Qingdao FTZ, Gao explained that since its establishment, the zone has accumulated 332 institutional innovations. With an average annual growth of 12 percent in foreign trade, with its actual foreign investment accounting for 10 percent of Qingdao's total, and the introduction of 88 projects funded by Global Fortune 500 companies, the zone stands out as the most open and economically vibrant region in Qingdao.
Gao expressed the zone's commitment to enhancing institutional innovation, improving government services, expanding international cooperation space, and providing optimal policy support and service guarantees.
Huang Xianhui, chairman of Kailin Building Energy Technology Co Ltd, expressed the company's intent to leverage Singaporean expertise in technology, management, and internationalization. It plans to collaborate deeply with the Qingdao FTZ in areas such as ultra-low energy consumption buildings, industrial park development, infrastructure construction, and medical resource cooperation. Its goal is to expedite the export of passive ultra-low energy consumption building systems to Southeast Asia, South Asia, and the Middle East, and to establish cooperation projects such as creating a platform for the low-carbon building materials industry chain.
China (Shandong) Pilot Free Trade Zone Qingdao Area
