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China-Singapore
Joint Steering Council (JSC)
JSC was formed under the Agreement on the Joint Development of Suzhou Industrial
Park. As the top coordination body, the council is set to meet annually to review and
tackle key issues in SIP development and adapting Singapore's experience.
Co-chaired by Chinese Vice Premier and Singapore Deputy Prime Minister, JSC consists of
ministerial chiefs of the two countries, senior officials of Jiangsu provincial and Suzhou
municipal governments and the head of Jurong Town Corporation of Singapore.
JSC has so far held four meetings, the first in Singapore, the second and third in Suzhou.
The fourth meeting was convened in Sept. 1999 in SIP. The meeting endorsed the Memorandum
of Understanding on Suzhou Industrial Park's Development signed by the Chinese and
Singapore teams in June 1999. It also set the Park's development targets for the year 2000
to 2002 -- complete Phase I, realize initial prosperity and
fine returns and continue the rolling development.
Joint Working
Committee (JWC)
At the working level, JWC is co-chaired by Mayor of Suzhou and the Chairman of Singapore Economic Development Board
(EDB).
JWC meets regularly to look into issues related to the Park's development and the transfer
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Suzhou Industrial Park Co., Ltd.
(SIPC)
SIPC (Chinese Consortium) consists of large and influential Chinese state-owned business
groups and companies at national, provincial and municipal levels. It now holds 65 percent
of the shares in CSSD, a joint venture between a Singapore-led consortium
and a Chinese consortium.
SIPC Members:
l China National
Cereals,Oils & Foodstuffs Import & Export
l China Great Wall
Industrial Corp
l China Ocean
Shipping(Group) Company
l China Energy
Conservation Investment Corporation
l China National
Chemicals Import & Export Corporation
l China Central
Television
l China Huaneng Group
l China Orient Trust
& Investment Company
l China National
Technical Import &Export Corporation
l Jiangsu
Intemational Trust & Investment Corporation
l China Agricultural
Bank Finance Co.,Ltd.
l Suzhou Industrial
Park Economic Development Co.,Ltd
l Suzhou
Infrastructure Investment & Management Co.,Ltd.
l Suzhou New District
Economic Development Group Head Co.
Singapore-Suzhou Township
Development Co., Ltd. (SSTD)
SSTD (Singapore-led consortium), a driving force behind the SIP project, has brought
Singapore's experience in developing and managing industrial parks to Suzhou.
With 24 members, it now holds 35 percent of the shares in CSSD. Among its
shareholders are the Jurong Town Corporation -- Singapore's leading industrial park
developer, and EDB - architect and lead promoter of Singapore's economic growth.
SSTD Members:
l CDL-Suzhou
Investment Pte Ltd
l Lum Chang(Suzhou)
Investments Pte Ltd
l Centrepoint
Properties Ltd
l Mi-Mi Investment
Singapore Pte Ltd
l EDB Investments Pte
Ltd
l NTUC Co-operative
Suzhou Investments Pte Ltd
l GE Capital Services
Pte Ltd
l RMA-Land
Development Pte Ltd
l Hong Lim
Investments Pte Ltd
l Podamco B.V China
l Hua Ye Holdings Pte
Ltd
l Samsung Corporation
l Huaten Investments
& Development Pte Ltd
l SembCorp Parks
Holdings Ltd
l JTC International
Pte Ltd
l Shing Kwan
Investment(Spore) Pte Ltd
l Keppel Corporation
Limited
l SLF International
Pte Ltd
l Keppel Land Ltd
l STIC Investments
Pte Ltd
l KMP China
Investments Pte Ltd
l Sum Cheong (China)
Pte Ltd
l Liang Court Suzhou
Investments Pte Ltd
l Wing Tai Holdings
Limited
Suzhou Industrial Park
Administrative Committee (SIPAC)
SIPAC is the local authority set up to govern the 70 sq km China-Singapore cooperation
area and the surrounding five townships of 186 sq km. Adhering to the principle of being
streamlined, unified and efficient, SIPAC only has seven subordinate bureaus and nearly
120 employees, who are recruited openly from across the country.
Unlike the local authorities of other national development zones in China, which are
responsible for both administration and development, SIPAC concentrates on natural
resources regulation, administrative approval, pro-business services and coordination with
related government departments or agencies at various levels.
SIPAC works closely with CSSD, the Park's main developer, on many aspects of
SIP development and management. It is empowered by the State Council to provide a whole
range of services in every stage from enterprise establishment, plant construction, labor
recruitment to business operation. SIPAC has set up the One-stop Service
Center to speed up the investment process and business services.
China-Singapore Suzhou Industrial Park
Development Co., Ltd. (CSSD)
CSSD, a joint venture between a Singapore-led consortium and a Chinese
consortium, is the tract land developer of SIP and the main marketing promoter of
the SIP project.
In the past six years or so, CSSD (http://www.cssd.com.cn/) has been
actively involved in developing the Park's high standard infrastructure, transferring
prepared land, attracting foreign investors into SIP and offering pro-business services
along with SIPAC.
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