Chinese New Year Reception for Enterprises Funded by Foreign, Hong Kong, Macao, and Taiwan Investors Held in Nanjing

On the evening of January 22, 2025, Nanjing hosted the Chinese New Year Reception for Enterprises Funded by Foreign, Hong Kong, Macao, and Taiwan Investors. This included Global Fortune 500 companies, multinationals, the inaugural member companies of the Global Digital Service Providers Alliance, offices of foreign establishments, international organizations, chambers of commerce, business associations, and consulting firms. Leaders of Nanjing exchanged New Year greetings and expressed eagerness to collaborate further with senior executives and representatives. Zhou Hongbo, Secretary of the CPC Nanjing Municipal Party Committee, and Chen Zhichang, Mayor of Nanjing were present.

Before the reception, Zhou and Chen met with some guests. Zhou, on behalf of the CPC Nanjing Municipal Party Committee and Nanjing Municipal People’s Government, extended New Year’s wishes and gratitude to investors for their consistent commitment to driving high-quality development in the city.

In his speech, he noted that in 2024, Nanjing went all-out in its push for industry-powered growth and that technological innovations featured better outcomes and higher efficiency. Over the past 12 months, more enterprises became bullish on the city, expanding their investments and introducing more ambitious and influential projects to enable meaningful changes in the sci-tech landscape. These achievements are inseparable from all foreign, Hong Kong, Macao, and Taiwan investors, the ballast stone for Nanjing, and their strong conviction in the city’s pro-business climate.

Zhou remarked that compared with other locations, Nanjing, a truly open city and a transportation hub renowned for its history and culture, is quite strong in research and education, and rich in workforce reserve and industrial clusters. He then presented the blueprint and steps to be introduced for 2025, during which Nanjing will meticulously study and deliver important takeaways from the speeches and instructions related to Jiangsu given by General Secretary Xi Jinping, that is, to transform our comparative advantages into guaranteed success, as a result of enhanced industrial sci-tech innovation capacity and energized economy through reform and opening up.

During the meeting, Zhou emphasized that foreign, Hong Kong, Macao, and Taiwan enterprises have emerged as a staunch force for Nanjing’s high-quality development. As always, Nanjing will further connect with its partners and step up in attracting investments for industrial projects. As Nanjing expands high-level opening up, it will foster a first-rate, market-oriented, law-based, and internationalized business environment that is even more competitive and attractive to investors. It was also suggested by Zhou that things will be made easier for all enterprises, regardless of size and specialty. With operating costs cut and efficient business services offered, hopefully, investors can remain optimistic about anchoring their businesses here.

Expressing his expectations for entrepreneurs and other stakeholders, Zhou encouraged that contributions on their side can be made, for instance, increasing investments, bolstering industrial sci-tech innovation, and consistently expanding areas for cooperation, as Nanjing ushers into a new journey of modernization. When Nanjing works with incoming investors to co-nurture new growth drivers and new strengths, both will benefit from the synergistic partnership.

Guests delivering remarks at the event included Tiziana D’Angelo, Consul General of the Republic of Italy in Shanghai, Kim Young Jun, Consul General of the Republic of Korea in Shanghai, Bogdan Bereanda, Chairman and CEO of Brembo China, Choi Ji Woong, President of LG Energy Solution China, and Seng Weili, Executive Vice President of Hitachi Anstemo Global and President of China Business Division. Speaking guests welcomed Nanjing’s appeal as a desirable investment destination where opportunities abound. Thanks to the presence of various research institutes and higher education institutions, a robust industrial foundation, a first-rate business environment, and vast market space, it is now a go-to place to have a closer look at China. In the years to come, investors will prioritize sectors including advanced manufacturing, sci-tech R&D, cross-border trade, and cultural tourism, as part of their dedication to Nanjing and a shared vision for a promising future.

Deputy Mayors Huo Huiping, Ji Tiejun, and Jiang Min attended the reception.