Zhangjiagang in Suzhou, East China's Jiangsu province signs a cooperative agreement with Shanghai Daohe Long-Term Investment Management Co on Dec 18. [Photo/zjgonline.com.cn]

The port city of Zhangjiagang in Suzhou, East China's Jiangsu province signed a cooperative agreement with Shanghai Daohe Long-Term Investment Management Co on Dec 18 to deepen cooperation in the financial sector.

Zhangjiagang officials said that the city has been deepening financial reform and innovation over the past several years, and has beefed up efforts to promote the agglomeration of the financial industry. It is now home to 23 listed companies, and a complete financial system has taken shape in the city.

Shanghai Daohe is a fund management agency mainly engaged in areas such as medical treatment and health, advanced manufacturing, and information technology.

According to the agreement, Shanghai Daohe will make more efforts to help Zhangjiagang enterprises go public and introduce more private sector investors and high-quality projects, aiming to boost the integrated development of the Yangtze River Delta.

Pan Guoqiang, Party secretary of Zhangjiagang, expressed hope that Daohe will help the city construct a Science and Technology Innovation Center. He added that Zhangjiagang will ramp up efforts to develop into a gathering place for financial enterprises.