SIP Sets 15-Year Goals and to Choose the Best Time for Listing
The 12th Suzhou Industrial Park China-Singapore Joint Steering Council Meeting was held in Beijing on July 23. The agenda included the determination of the tasks and goals for the next 15 years in SIP and both sides explicitly expressed support for the listing of CSSD. Singaporean Deputy Prime Minister Wong Kan Seng and Chinese Vice Premier Wang Qishan co-chaired the meeting.
Chinese Vice Minister Ma Xiuhong of Commerce said that the both sides were satisfied with the development of SIP and had confidence in its future.
Secretary Liang Baohua of CPC Jiangsu Provincial Committee pointed out that, at the stage of transformation and upgrading, SIP should keep focusing on new and hi-tech industries, innovations, talent pooling, and environmental construction.
Both officials said to the press that Chinese and Singaporean governments reached the agreement on making SIP a listed company. "We want the best results, and that depends on the best timing and best conditions," said Ma.
Secretary Ma Minglong of SIP CPC Working Committee said the China's Securities Regulatory Commission had received the proposal and the listing procedures had been afoot.
Originally published on www.chinanews.com.cn
July 23, 2010
