SHANGHAI, Nov. 23, 2023 /PRNewswire/ — The 6th China International Import Expo (CIIE) ended on November 10 in Shanghai after six intense and fruitful days. For the first time, Lin-gang area has taken on a new role as exhibitor recruitment partner of the Intelligent Industry and Information Technology Hall (Hall 3) of China’s largest annual import trade fair.
The 2,700 square meter Lin-gang Exhibition Area was jointly organized by the administrative committee of China (Shanghai) Lin-gang Special Area Pilot Free Trade Zone (“Lin-gang Special Area”) and Shanghai Lingang Economic Development (Group) Co., Ltd. (“Lingang Group”).
Nearly 100 foreign companies, most of which operate in parks operated by Lingang Group, showcased new technologies, new business formats and new business models.
The Lin-gang Exhibition Area is the first comprehensive exhibition area for companies participating in the CIIE through industrial groups. It received 1,078 visiting delegations and held more than 100 events. More than 6,000 people held various types of business and investment discussions in this area. As of November 10, more than 100 agreements had been reached here. Yuan Guohua, president of Lingang Group, said: “We believe in openness and innovation. We have created platforms for businesses to thrive.”
New members expand Lingang industrial ecosystemOn opening day, November 5, many exhibitors in the area signed strategic cooperation agreements with Lingang Group, including Energy Singularity, Schneider Electric, TENWAYS and Newsight Imaging, covering fusion energy , energy efficiency management and automation around the world, electric bicycles, image sensors and many other industries.
Lin-gang Special Area has attracted companies from various industrial chains thanks to its good business environment, complete industrial ecosystem and full life cycle services for its investors. On November 6, Johnson Controls – Hitachi Air Conditioning, a leading global provider of heating and air conditioning solutions, signed the agreement to invest in Lingang Fengxian Park and is considering establishing its regional headquarters here. Their arrival will further expand the Lin-gang Special Area’s low-carbon green energy-saving industrial cluster and build a next-generation green technology industrial park.
“In the next five years, China’s heating and air conditioning market will reach the size of one trillion yuan. Johnson Controls – Hitachi Air Conditioning is committed to increasing our investment in China to offer better products, solutions and services to our customers “, he claimed. Guan Yu, Vice President and General Manager of China, Johnson Controls – Hitachi Air Conditioning.
Also during the exhibition, many exhibitors signed agreements to attend the 7th CIIE, including Lenze, Sebia, Mitsui Sumitomo Insurance Group, Voith and Cummings.
New Stage Creates New Growth OpportunitiesAs a veteran of China’s mechanical engineering automation industry, German company Lenze joined CIIE for the first time through Lin-gang exhibition area. After its debut, the company received orders worth 20 million yuan and many partners approached it for strategic cooperation.
“A confident China has maintained its openness policy, which is a great confidence boost for foreign companies to invest more in the country. During this CIIE, we have received many inquiries about upgrading projects of lower-tier Chinese cities. This “It’s all thanks to the excellent exhibition stage provided by the Lin-gang exhibition area,” said Xie Weidong, president of Lenze East Asia.
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Sustainable development is another hot topic of the CIIE. Lingang Group, the US-China Clean Technology Center (UCCTC) and the Shanghai Foreign Investment Development Board jointly hosted the North American Carbon Neutrality and Clean Technology Cooperation Summit in Shanghai. On the sidelines of the event, 16 leading American companies held business meetings with 67 Chinese companies in this railway industry. More than 30 cooperation intentions have been reached. Lingang Group signed a cooperation agreement with UCCTC to open a new chapter of collaboration between China and the United States in clean technology research and development.
International Cooperation Enhances Lin-gang’s Service CapabilitiesAs a park service provider, Lingang Group has always regarded high-quality service as its core competency. It has established a holistic system to support technological, digital, ecological, service, financial and foreign innovations, which will cover all aspects and elements of a company’s life cycle.
During this CIIE, Lingang Group has partnered with its sister park, Hong Kong Cyberport, to launch the Shanghai Lingang Group – Hong Kong Cyberport Industry Acceleration Program. It will be a platform to accelerate the growth of park enterprises of both sides through startup incubation, technology exchange, international cooperation and talent introduction. Lingang Group has also set up a joint working group with the Industrial and Commercial Bank of China, Bank of Communications and Kasikornbank to explore innovative cross-border financial services.
Together with HSBC, Lingang Group organized the Roundtable on Growth Opportunities in Supply Chain Financial Innovation to find new application scenarios for supply chain financial services.
The newly opened Shanghai-Kunming Lancang-Mekong express freight train route connects Lin-gang Luchaogang Station with Vientiane, the capital of Laos, where it is also connected to the Thai railway network. It has created new opportunities for greater international cooperation. During the CIIE, the ASEAN International Supply Chain Services Forum was held at the Lin-gang Exhibition Area. More than 100 guests from Chinese and foreign companies and organizations, such as the Thai and Vietnamese chambers of commerce in China, attended to discuss how to take advantage of the opportunities offered by this new transportation channel.
Sakarn Saensopa, commercial consul of the Royal Thai Consulate General in Shanghai, said: “The China/Kunming – Laos/Vientiane railway is a bridge of international cooperation. We are accelerating the construction of a new railway to connect our Laem Chabang port with the China-Laos railway. It will help create a new rail transport channel to stimulate closer economic collaboration between China and Thailand.”
Image attachment file links:Link: https://iop.asianetnews.net/view-attachment?attach-id=443422Footer: Scene of the signing ceremony
Link: https://iop.asianetnews.net/view-attachment?attach-id=443427Footer: The signing ceremony between Lingang Group and UCCTC
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