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Yan Li Meets HSBC Group Chairman

Yan Li, Mayor of Suzhou, met Mr. S.K. Green, Chairman of HSBC Group, and his entourage on the morning of Nov. 6 with the presence of Wang Jinhua, Deputy Secretary of Suzhou Municipal Party Committee and Secretary of SIP Party Working Committee.

Yan Li said, "Vigorous development has been achieved in Suzhou's external-oriented economy since the reform and opening up, and by now, there have been 16,800 overseas-invested projects approved in Suzhou. Currently, Suzhou is making continuous efforts to readjust industrial structure and speed up the growth of service industries. HSBC Group has enjoyed high reputation in the financial services, and we are extremely pleased to have established a relation of cooperation with HSBC Group. The municipal government of Suzhou will continue to provide excellent service to all investors and create a good environment for their development."

Mr. Green said, "HSBC Group made a correct decision in 2004 to locate its office in Suzhou. Short as our present visit to Suzhou is, we have been deeply impressed by the rich cultural tradition and the dynamic modern economy of this city. We hope that our two sides will enhance our exchanges and cooperation in the financial and other service areas in the future."

Nov. 7, 2006


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