Create a new mountain of knowledge creation and build a demonstration area of ​​openness and cooperation

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GUANGZHOU, China, November 7, 2022 /PRNewswire/ — About November, 1stthe 18th China-Singapore Joint Council for Bilateral Cooperation (JCBC) kicked off in Singapore. The meeting resulted in the signing of 19 Memoranda of Understanding and Cooperation Agreements, including the Memorandum of Understanding on the Development of a Cooperation Framework to Promote the Participation of Singapore Businesses in the Industrial Development and Innovation of China-Singapore Knowledge City Guangzhou (CSGKS). The meeting also opened a promising avenue for the future development of the CSGKS located in the Guangdong-Hong Kong-Macau Greater Bay Area.

A commission official from the Office of Cooperation Affairs of CSGKS said that the signing of the MoU will help CSGKS attract more innovative high-tech enterprises from Singapore and other countries, deepen cooperation with Singapore in the field of scientific and technological innovation, to help Singaporean enterprises to participate fully in the industrial development and innovation of CSGKS, and to make CSGKS the preferred place for Singapore companies to invest.

The China-Singapore International Joint Research Institute, which aims to create an important platform for ChinaSingapore cooperation and achievements transformation of scientific and technological innovation, relied on the experience and system of that of Singapore industry-university-research integration and formulated nine industrialization mechanisms, including rules for the implementation of intellectual property support policies and several regulations aimed at encouraging innovation and entrepreneurship. It has attracted a group of top international talent represented by Nanyang Technological University of Singapore set up projects in the institute, and promote the transformation of knowledge.

The CSGKC Regulations of Guangdong Provinceentered into force on 1st of March this year, delegated the authority of national and provincial construction economic management to the CSGKS Management Committee through legislation, which has made remarkable achievements in ChinaSingapore bilateral cooperation projects at the state level.

In June this year, the China-Singapore Smart Park, one of the key projects to deepen cooperation in science and technology innovation and building smart cities, was officially opened with a total investment of 1.4 billion yuan. It has introduced more than 60 industrialization projects such as NCS Greater Bay Area Fintech Delivery Center, SP Group, Guangzhou Lion TCR, Star 3D Oral digital Medicine, etc.

At the same time, as a vector of industrial innovation co-constructed by China and Singapore, the Ascendas OneHub GKC Phase I Industrial Park has housed more than 400 companies and employed 3,000 people. Guangzhou Institute of Innovation national university of singapore is set to recruit students, commit to nurturing nearly 3,000 high-level talents in 10 years, and aim to become the world’s largest comprehensive flagship project. national university of singapore in China.

In recent years, cooperation projects between China and Singapore in key areas such as biomedicine, digital economy and green development have been launched in the CSGKS:

  • In biomedicine, Biosyngen has built the largest commercial production base of immunocellular drugs in south china; Lion TCR (Singapore), the world leader in TCR-T cell therapy, plans to build a GMP cell production base and serve as the headquarters for China.
  • In terms of digital economy, NCS, the wholly owned subsidiary of Singapore Telecom, has selected CSGKS to set up the Greater Bay Area Fintech Delivery Center and the first phase has started operating, which is expected to accommodate 500 IT professionals. computer science. end of the year to accelerate the development of 5G, digital twins, blockchain and other technologies and build a cross-border innovation ecosystem.
  • In terms of green development, the agreement was signed with SP Group to implement the investment, construction and operation of regional energy projects (including cooling and heating), starting from the Knowledge project Tower, and gradually promote them in other regions such as China. -Singapore International Science and Technology Innovation Cooperation Demonstration Zone.
  • In terms of financial services, the memorandum of understanding for cooperation was signed with the Singapore Stock Exchange to promote the issuance of green bonds by three public companies, with a cumulative issuance scale of US $1.34 billionand deepen connectivity with the international financial market.

As an important vector and innovative model of bilateral cooperation between China and Singapore, the CSGKC strives to be an important node in the GBA and to become the center of the knowledge economy in the world. In the future, CSGKC will further integrate the development strategies of the Belt and Road Initiative and RCEP, continue to improve the level of institutional openness, deepen cooperation in digital economy and development green with Singaporeharness the potential of ASEAN countries and other markets, and show the world more new international cooperation programs and prospects full of Chinese wisdom.

SOURCE CSGKS Office of Cooperation Affairs


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