The Yangtze River Delta region has always been one of the regions with the most active economic development, the highest degree of openness, and the strongest innovation capabilities in China. It has a pivotal strategic position in the overall situation of the country’s modernization and the all-round opening up pattern. The "Regional Integrated Development Strategy of the Yangtze River Delta" was upgraded to a national strategy in 2018.
is an important economic growth pole in the Yangtze River Delta. In the first half of 2020, Nanjing's economic development momentum is good. Qinhuai District, as the center of Nanjing, is in the forefront of the main city in terms of growth rate of regional GDP and investment and investment promotion in the first half of the year. "Under the current environment, Qinhuai will further embrace the integrated development of the Yangtze River Delta. We are fully prepared to release favorable investment and preferential policies." Recently, the People’s Government of Qinhuai District of Nanjing City and the Southern New City Development and Construction Management Lin Tao, secretary of the Qinhuai District Party Committee, introduced this at the "Ning-Shanghai Financial Integration Development Dialogue" jointly sponsored by the Committee and Hongkong Land.
Lin Tao, secretary of the Qinhuai District Party Committee, delivered a speech on the spot.
Shen Kunrong, Dean of the Business School of Nanjing University, believes that the integration of the Yangtze River Delta means to a certain extent "weaken competition, strengthen coordination, reduce costs, and achieve a win-win situation." Each city should conduct differentiated competition based on its own strengths, play to its own comparative advantages, reduce consumption caused by competition, and achieve a win-win situation in collaboration. For example, companies can locate their global or China regional headquarters in Shanghai and their regional headquarters in Nanjing, emphasizing the win-win cooperation brought about by the orderly division of labor. Sun Lijian, director of the Financial Research Center of Fudan Development Research Institute, said that for government and enterprises, regional integration is to release new growth energy through new allocation of existing resources, which is de-homogenized coordinated development. Shanghai and Nanjing each have their own distinct characteristics. They must achieve dislocation development, create a better market environment, and make their comparative advantages more prominent. In addition, it is necessary to look for differentiation in the business environment, rather than relying solely on policy dividends, using the industrial chain to create value and establishing a value chain business environment. As one of the organizers of the event, senior executives of Hongkong Land Shanghai and Nanjing companies participated in the dialogue. Zhao Jun, general manager of Hongkong Land Shanghai Company, outlined the company's development history and industrial layout, and Ye Dong, general manager of Nanjing Company, discussed the achievements of two projects in Qinhuai District-Jinling Central and Yuecheng Tiandi.
In addition, a total of 7 projects were signed at the event site. Among them, the People's Government of Qinhuai District, the Southern New Town Management Committee and Hongkong Land reached a strategic cooperation intention. The Southern New City is a key point for the further development of Qinhuai District. Currently, it is actively deploying smart new industries. Hong Kong Land plans to develop and set up a world-class commercial complex project in the Southern New City to promote regional high-quality development together with Qinhuai District and Southern New City. Financial companies such as AIA, Fosun Prudential Life Insurance, Debon Securities, and New Liyi Investment Group also signed on-site agreements to set up regional headquarters in Qinhuai District. The concentration and importance of the financial industry in Qinhuai District will be further enhanced. It provides sufficient financial "accelerator" for regional economic development in the second half of the year.
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