On the morning of November 28, Yin Yong, Mayor of Beijing, met with Lim Chow Kiat, CEO of the Government of Singapore Investment Corporation (GIC).

Yin stated that the Third Plenary Session of the 20th CPC Central Committee has outlined a series of tasks for further deepening reforms comprehensively and expanding high-level opening-up, which will provide new opportunities for China to enhance mutually beneficial cooperation and achieve common development with countries worldwide. He said that, in the first three quarters of this year, as China’s economy sustained its momentum of stable growth, Beijing’s economy secured a steady performance with improvements in quality. Home to a large number of high-tech companies with strong innovation capabilities and huge growth potential, the city is taking faster steps to become an international innovation center, said Yin. He underscored Beijing’s commitment to leveraging government investment funds for counter-cyclical adjustment and vigorously supporting the development of high-tech and future-oriented industries, aiming for innovation-driven high-quality development. Yin welcomed GIC to leverage its expertise and increase investment in relevant industries in Beijing, thereby deepening mutually beneficial cooperation between the two sides. He also stressed Beijing’s continued efforts to foster a world-class business environment and implement “service packages” and “steward services” mechanisms to deliver high-quality services for various enterprises in the city.

Optimistic about the development prospects of Beijing and China, Lim expressed readiness to maintain in-depth communication and cooperation with Beijing, and increase investment in the city to support its high-quality development.

Zeng Jin, Secretary-General of Beijing Municipal Government, attended the meeting.

(Written by Yang Qi)