Jiangsu, China—The Land of Opportunities · Jiangsu, China—The Land of Opportunities Jiangsu...

IDG e-Newsletter (L) Issue January/2016

Market Feature

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Jiangsu is an eastern coastal province of the

People's Republic of China, with its capital in

Nanjing. Jiangsu is the second smallest, but the

fifth most populous and the most densely

populated of the 22 provinces of China.

Since the start of China’s economic reforms in

the 1990s, Jiangsu has been a hot spot for

economic development. Strategically located in

the Yangtze River Delta with close proximity to

Shanghai, it generates around one-third of the

national GDP. In 2014, Jiangsu’s GDP was

valued at USD 1.059 trillion, ranking second of

all provinces, after Guangdong.

Jiangsu, China—The Land of Opportunities

Jiangsu Green Building Industry—Leading the Green Wave

By construction volume, Jiangsu is the leading province in China building industry. Its newly

constructed buildings amount to 10% of the country’s new buildings each year.

The number of green buildings in Jiangsu amounts to more than 25% of the whole country.

It is the leading province, with its total area of construction for Green Building in the

province estimated to exceed 100 million m2 by 2015. China‘s first green building local laws

and regulations “Jiangsu Province Green Building Development Act” has been approved and

officially implemented from 1 July 2015.

The Act provides a range of incentives for the construction, procurement and operation of

green buildings, as well as mandate that new construction projects must obtain one-star

green building ratings in order to win approval from local regulators. By 2020, more than

50% of the new developments in Jiangsu will be constructed to Two-Star and above

standard.

With Jiangsu’s commitment to sustainable development, this will bring about many business

opportunities for Singapore companies in the following areas:

Architecture design and green building practices

Operation and supervision of energy conservation in large public buildings and

energy conservation services markets

Water and wastewater management

Special eco-technologies for green building, such as geothermal heat pumps

Advanced building cooling equipment, such as maglev chillers

Systems to enable the recycling of building materials

Renewable energy sources

Current ongoing developments such as

the Sino-Singapore Nanjing Eco Hi-tech

Island (SNEI), also presents multitude of

business opportunities. It is set out to be

an island showcasing the future of

Nanjing and its aspirations to be a centre

for the development and practice of high

-tech innovation in areas such as IT

services, eco-environmental service,

modern service industry and modern

agriculture service industry.

SNEI lies 6.5 kilometres from Nanjing's downtown area and is linked to Nanjing's new central

business district, the Hexi New Town. Designated one of four "green lungs" of Nanjing, the

island is considered a National Grade 'AA' scenic area.

Half of the island's 1,500 hectares will undergo urban development with the remaining area

conserved for eco-tourism. 180 hectares of land are earmarked for the development of office

space to house creative and innovative design firms. An additional 182 hectares amid the

island's water canals and lush greenery are earmarked for residential development.

Set for completion in 2020, the development is set to become the geographical centre of

Nanjing’s urban area and is expected to draw $2.1 billion in investments, and create 100,000

new jobs.

In early November 2015, IDG organised a mission trip to Shanghai and Nanjing. At the

Sino-Singapore Green Building Forum held at Nanjing, local companies had the opportunity

to share their expertise, products and services.

IDG also arranged and facilitated a visit to SNEI to learn more about its development. The

delegation met up with Nanjing Eco High-Tech JV Co. where they expressed interest to

collaborate with Singapore companies. on green buildings and green district developments.

Copyright © 2015. International Development Group. All rights reserved. www.bca.gov.sg

Located just over 200km east of Nanjing, Singapore Suzhou Industrial Park (SIP) is the first

G-G project between Singapore and China, with a focus in the Green Buildings development.

In 2013, BCA has collaborated with SIP

Planning and Construction Bureau to

conduct a green building forum to share on

Singapore’s experience in green building.

In the following year, government officials

from SIP visited Singapore in exchange to

understand on the development of green

buildings in Singapore. Energy retrofitting of

existing buildings remain as a key area for

Singapore companies to explore business

opportunities with SIP.

In this competitive business landscape, it is imperative that BCA continues to support and

facilitate companies to gain a stronger foothold overseas and to profile Singapore

companies globally. Companies can look forward to mission trips, as well as business

meetings, forums and exhibitions, which are great opportunities for networking to build and

widen their market outreach.

Green Building Seminar co-organised by the BCA and

SIP Planning and Construction Bureau

Singapore companies visiting the Nanjing Eco

High-Tech Island

Business Meeting with Nanjing Eco High-Tech JV Co.

Singapore is a significant investor in China despite its size. In 2014, Jiangsu was Singapore’s

largest FDI destination in China, accounting for 33.8% of Singapore’s total cumulative FDI of

US$72.3 billion in China. In the first half of 2015, Singapore’s cumulative actual investment in

Jiangsu reached US$24.7 billion with 4,011 projects.

In October 2015, Singapore and Jiangsu

Province agreed to increase economic

cooperation that is in line with China's "One

Belt, One Road" initiative, which aims to

rebuild Silk Road trade infrastructure with Asia

and Europe. Both parties will also explore and

facilitate greater cooperation through

public-private partnerships (PPPs). With its

increased relevance, PPPs is one of the viable

models of entry into China for companies in

the infrastructure, environmental services and

logistics sectors.

"This serves as a strong platform for Sin-

gapore companies along the entire value

chain, to showcase their expertise and

services for Jiangsu,"

Minister of State for Manpower

Teo Ser Luck, Co-chairman of

Singapore-Jiangsu Cooperation Council

Opportunities for Singapore Companies

Photo: Sembcorp Development

Mr Ong Ting Guan, Senior Technical Consultant of C@nspecs

Group presenting at the Sino-Singapore Green Building Forum