Innovative financial services are playing a big part in driving the development of real economy in SIP.
SIP-based Suzhou Yuanlian Investment Fund Management Co Ltd and Suzhou Yuanfeng Capital jointly established China’s first infrastructure investment fund to give biotech companies a helping hand in raising money for facility construction in SIP.
The Suzhou branch of the Bank of Ningbo offers the “Tech Innovation Loan” for enterprises engaged in emerging industries such as biomedicine, AI, nanotech and chip manufacturing. A total of 80 tech companies in SIP have received loans totaling RMB350 million so far.
