Suzhou: The 2025 Suzhou Global Investment Promotion Conference witnessed a significant milestone as over 340 billion yuan in investments was secured. The event, which took place on April 26, brought together over 1,200 business elites from global Fortune 500 companies, multinational corporations, and unicorn enterprises. A total of 417 projects with an aggregate investment of 341.57 billion yuan were signed on-site.

According to BERNAMA News Agency, Suzhou, located in East China’s Jiangsu Province, stands as one of the cities with the highest levels of foreign investment and the most concentrated presence of foreign-funded enterprises. The city hosts 14 national-level development zones, 19,000 foreign enterprises, and 178 Fortune 500 companies. These entities have invested in nearly 500 projects, contributing a substantial 167 billion USD in actual foreign investment.

Suzhou continues to expand its institutional openness, focusing on areas such as rules, regulations, management, and standards. The city is deepening its pilot program for open innovation across the entire biopharmaceutical industry chain. Notably, Suzhou introduced China’s first “white list” for the importation of materials for biopharmaceutical research and development, resulting in a 70% reduction in customs clearance times.