As one of the invited companies, Franklin Medici Family Office signed a cooperation agreement with the Suzhou Municipal Government.

Suzhou has a long history of economic and trade exchanges with Singapore, and the two sides have a close cooperative relationship in foreign trade, two-way investment, and park cooperation and construction, etc. Singapore is an important trade partner in Southeast Asia as well as one of the important sources of foreign capital. 

 Singapore is an important trade partner of Suzhou in Southeast Asia and an important source of foreign capital.2022, Suzhou's trade with Singapore totaled $6.89 billion, an increase of 3.6% year-on-year. 

 In order to further deepen China-Singapore cooperation, and promote the deepening and expansion of cooperation between the two sides to the whole city, the whole field, all-round, on February 22nd, Suzhou Open Innovation Development Investment Briefing was held in Singapore. Mr. Zhang Xu Min, Minister of Chinese Embassy in Singapore, Mr. Lin Mingliang, Permanent Secretary of Ministry of Trade and Industry of Singapore, Mr. Cao Lubao, member of the Standing Committee of Jiangsu Provincial Committee and Secretary of Suzhou Municipal Party Committee, attended the event and delivered speeches.

Representatives of the Chinese Embassy in Singapore, representatives of Singapore's Ministry of Trade and Industry and other government agencies, representatives of Singapore's chambers of commerce, associations, the business community and enterprises, old and new friends involved in the development and construction of SIP; leaders of Suzhou Shen Wei, Pan Guoqiang and Zhang Qiao, and responsible comrades of the relevant counties and cities (districts) and the relevant departments of the city to participate in the activities.

As the first flagship project of cooperation between the two governments, the development and growth of SIP is an exemplary model of forward-looking, strategic and exemplary Sino-Singaporean relations. 

 Next year, SIP will celebrate its 30th anniversary. Under the leadership of the leaders of China and Singapore, and with the unremitting efforts of the teams of both sides, we believe that SIP will further develop innovative areas of cooperation, and contribute more results to the economic and trade cooperation between China and Singapore, and to the high-quality construction of the "One Belt, One Road". We believe that we will further develop innovative areas of cooperation and contribute more to the economic and trade cooperation between China and Singapore and the high-quality construction of "Belt and Road".

Cao Lubao pointed out in his speech entitled "Building Future-oriented Cooperation" that SIP is an important cooperation project between the governments of China and Singapore, and it has been ranked first in the comprehensive evaluation of national-level development zones in mainland China for seven consecutive years. Such successful practice is attributed to the farsightedness of the leaders of the two countries, the concerted efforts of the parties concerned, the firm belief in long-term cooperation, and the concept of win-win cooperation.

At the meeting, representatives of enterprises spoke successively.

On the scene, 14 industrial investment, science and technology innovation projects and 16 professional services and cross-border investment and cooperation projects in the industrial park were signed. Franklin Medici Family Office was honored to be among them.

Kunshan City, Taicang City, Wuzhong District, Xiangcheng District and Huqiu District (Suzhou Hi-Tech Zone) also signed cooperative projects with Singaporean enterprises respectively. 

 As of 2022, there are more than 900 actual operating enterprises invested by Singaporean enterprises in Suzhou, accounting for 5.1% of the city's total number of actual foreign-funded enterprises, with a cumulative total of more than US$11.4 billion in actual use of foreign capital; Suzhou enterprises have invested in a total of 147 projects in Singapore, with an agreed investment amount of US$2.9 billion from the Chinese side.