On the morning of April 15, Yin Yong, Mayor of Beijing, met with Lim Chow Kiat, CEO of the Government of Singapore Investment Corporation (GIC).

Yin said that the vast and promising Chinese market, coupled with the continuous unleashing of economic growth potential and the deepening of financial reform and opening-up, holds strong appeal for enterprises and financial institutions worldwide. Today, with the conviction that high-quality development is of paramount importance in the new era, Beijing has been advancing Chinese modernization as the primary political objective. Beijing is leveraging its technological innovation strength to become an international innovation center, and developing high-end, precision and sophisticated and future-oriented industries. Driven by the "two zones" development, high-level opening-up with a focus on institutional opening-up is also progressing steadily. As GIC has been increasing its investment in Beijing in recent years, it is hoped that GIC will continue to press home its advantages, expand investment and presence in such areas as sci-tech innovation and green finance, and encourage more international companies to come to Beijing to share in the opportunities presented by the city's high-quality development and high-level opening-up. Beijing will continue to create a world-class business environment that is market-oriented, law-based, convenient, and up to international standards, which will facilitate investment and development of all kinds of enterprises in Beijing.

Bullish about the long-term prospects of China's economy, Lim expressed GIC's willingness to tap into Beijing's market and resources to enhance mutually beneficial cooperation between the two sides.