The groundbreaking and signing ceremony for the Jiyang Lake Science City Intelligent Manufacturing Industrial Park project and the launch of the Jiyang Lake Science City Industrial Development Fund was held in Zhangjiagang on Sept 28.
At the event, agreements for six high-quality projects with a total investment of nearly 3 billion yuan ($421.08 million) were signed, alongside agreements with a number of leading partners. In addition, a 5-billion-yuan industrial development fund for Jiyang Lake Science City was officially released.
Jiyang Lake Science City, located in the core area of the main urban district, is a high-level sci-tech innovation hub. It focuses on key sectors such as automobile manufacturing, new materials, semiconductors, high-end equipment, hydrogen and energy storage, and the low-altitude economy, while building a comprehensive system that integrates advanced manufacturing, innovation-driven R&D, and enterprise service facilities.
The Intelligent Manufacturing Industrial Park, the main project of the first phase, will receive a total investment of 1.6 billion yuan. It will serve as a key state-owned industrial platform, providing strong infrastructure support for industrial development.
The industrial development fund will target early-stage projects with disruptive technologies, as well as growth and mature-stage enterprises for expansion and selective private placements. By linking bank resources and other financial elements, the fund aims to provide comprehensive financial services and long-term, growth-focused support for enterprises.
In recent years, Zhangjiagang has focused on developing its "4+4+N" industrial system, strengthening high-level sci-tech innovation platforms. So far, the city has established 49 innovation hubs, covering over 4 million square meters and hosting more than 1,000 enterprises.
An aerial view of Zhangjiagang. [Photo/WeChat account: zhangjiagangfabu365]