China-Singapore connectivity project over the past four years has signed a total of 199 projects with a total amount of US $27 billion
Xinhua News Agency, Chongqing, November 7 (Reporter Zhao Yufei) Chongqing Zhongxin demonstration Project Administration Bureau released news on the 7th that China and New Zealand (Chongqing) have signed a total of 199 cooperation projects since the demonstration project on strategic connectivity was officially launched. With a total amount of US $27 billion, the demonstration and radiation of the western region and the areas along the "Belt and Road Initiative" line have been continuously enhanced.
The China-Singapore (Chongqing) Strategic Connectivity demonstration Project, which was officially launched on November 7, 2015, is the third intergovernmental cooperation project between China and Singapore after China-Singapore Suzhou Industrial Park and Tianjin Ecological City. It mainly covers four key areas of cooperation: financial services, aviation industry, transportation logistics and information and communications.
According to Han Baochang, director of the Chongqing Zhongxin demonstration Project Administration Bureau, in the field of financial services, China and New Zealand have established diversified cross-border financing channels. Chongqing, Sichuan, Shaanxi, Qinghai, Xinjiang, Guangxi, Yunnan and other western provinces, autonomous regions, and municipalities have realized 107 cross-border financing projects, such as international commercial loans, cross-border bond issuance, real estate investment trusts, and so on, through Sino-Singapore demonstration projects. The total amount has reached US $10.94 billion, and its weighted average comprehensive financing cost is about 1.4 percentage points lower than the average loan interest rate in Chongqing. At the same time, Singapore GLP Financial Control, Lion Rock Yiming Fund, Weishi small loans and other financial institutions have been registered in Chongqing. The equity investment fund set up by the joint venture between Chinese and New Zealand enterprises has set up logistics, big data and other funds, and the scale of fund management has reached 8.41 billion yuan.
In the aviation industry, "Chongqing-Singapore" flights have increased from five flights a week four years ago to 14 a week, forming a convenient air corridor between China and Singapore. At the same time, the China-New Zealand Airport Business Cooperation Company established by China and New Zealand has been officially put into operation, which will help to improve the quality of commercial services at Chongqing Airport. In addition, China and New Zealand are planning to build an aviation industry park to create an aviation industry cluster that integrates aviation maintenance, logistics, training and finance.
In the field of transportation and logistics, the new land and sea channel created by China and Singapore has become the most convenient way out to sea in the western region. By the end of September this year, the three modes of operation and organization of international rail-sea intermodal transport, international rail intermodal transport and cross-border road transport have all achieved normal operation. In addition, projects such as the China-Singapore (Chongqing) multimodal transport demonstration base and the Huilian Pucheng Intelligent Logistics Park, which China and New Zealand have cooperated to build, have also been officially launched.
In the field of information and communications, China and New Zealand (Chongqing) Internet data dedicated channel officially launched operation, China New Zealand intelligent city construction is also focusing on intelligent animal husbandry, intelligent tourism and other fields to carry out pilot cooperation. In addition, Yuxin digital economic cooperation has also been expanded, such as Singapore Xinke Electronics in Chongqing Liangjiang New area to set up headquarters and R & D center in western China; Chongqing Yuxun Technology Company and Singapore enterprises to create a Sino-Singapore enterprise big data platform launched online and so on.