On the morning of November 7, with support of Chinese Ministry of Commerce and Singapore Ministry of Trade & Industry. Sponsored by the People’s Government of Jiangsu Province, undertaken by the People’s Government of Suzhou City and Suzhou Industrial Park Management Committee, China-Singapore Trade in Services Innovation Forum was held at the National Exhibition Center (Shanghai). Founder of InvestCHN Chase Wu and his delegation were invited to participate the event. As the first China International Import EXPO, the only forum of sino-foreign cooperation in service trade, the event invited the 13th National People’s Congress Standing Committee, the Vice Chairman of the National People’s Congress Social Construction Committee, the former Vice Secretary General of the State Council, the Chinese Academy of Social Sciences professor Xiaojuan Jiang and other experts and scholars to focusing on the general development trend of domestic and foreign service trade in the digital economy era, open work, cooperation and innovation new lines, also to discuss the new pattern and new situation of economic globalisation on the innovation and cooperation of service trade.

  Bingnan Wang, Vice Minister of Commerce of China; Baojun Xu, Singapore’s Senior Minister of Trade and Industry; Yuanqiang Guo, Vice Governor of Jiangsu Province attended and delivered a speech; Yaping Li, Mayor and Vice Secretary of Suzhou Municipal Committee; Dewei Luo, Consul General of Singapore in Shanghai; Shanxi You, Vice Director of the Singapore Enterprise Development Board; Zhiping Yang, Vice Mayor of Suzhou City; Lixin Ding, Vice Secretary of the Party Working Committee and Director of the Management Committee of Suzhou Industrial Park attended the event.

  At the forum, experts, scholars, government officials and entrepreneurs from the world discussed the innovation and cooperation of service trade from multiple dimensions with new vision and new ideas, new concept thinking to deliver a win win situation for both sides. In main speech, Xiaojuan Jiang titled “Development of China's Service Trade in the Era of High Global Connectivity". She pointed out that service industry in China, it is become the largest industry economy and service trade has also entered a period of fast developments, it will become a strong support for the main industry in China. Xiaojuan Jiang also suggested that we should further expand the service industry, accelerate the reform and innovation of the domestic service industry, to effectively take advantages of manufactures to develop service trade and country in the future.

  Yongtu Long, Chief negotiator of China’s resumption of customs and WTO accession negotiations, Co Chairman of the Glocal CEO development Conference and Chairman of China & Globalisation Think Group make speech on entitled “WTO and China's Service Opening and Development" and key point that China's service industry must based on development of manufacturing, serve the manufacturing industry to create Chinese characteristics service industry with global competitiveness. At the same time, with Internet fields of new service industry also containing a huge service market in the future. "When China becomes a major service trade country, it is possible to become a powerful trading country."

  Shanxi You, Vice Director of the Singapore Enterprise Development Board introduced the cooperation and innovation of service trade between Singapore and Jiangsu. Xin Jiang, Vice Director of the Jiangsu Provincial Department of Commerce released a report of Jiansu Province on the development of service trade. Mode from CEO of Siemens Mobility China, Member of the “10 Consultative Group of the United Nations Sustainable Development Technology Promotion Mechanism”, Xiaolan Fu, the first lifelong professor of mainland China in the field of social sciences at the University of Oxford and the founding director of the Technology Development Center; Zhongxiu Zhao, an expert of Chinese Think Group and Vice Chairman of the BRICS countries, President of the International Society of Global Business and Trade were discussed on “Digital City and Future Transportation Development", " Technological Change of Service Trade Innovation in the Era" and “ New Trends Changes and Construction New Service Trade Rules”. The discuss also carry out a dialogue on "Digital Economy and Service Trade".

  At the forum, the China Service Trade Innovation Development Guidance Fund signed strategic cooperation agreements with Jiangsu Provincial Government Investment Fund Management Committee, the Suzhou Industrial Park Management Committee and others key enterprises for a greater cooperation between all the parties for innovation and make development on service trade.

  Suzhou Industrial Park is one of the important projects which joint the development and construction of China and Singapore. Both sides deepen their experience and cooperation in development, which it has achieved positive results showing a win win situation. In 2017, Singapore enterprises actually invested 54.4 million USD in the Industrial Park, a total 384 investment projects with a total investment of 3.39 billion USD, which it is the second largest investor country in the Industrial Park with an actual import and export trade volume of 1.69 billion USD. It is the first of China-Singapore cross border RMB innovation business pilot. Until end of 2017, 35 enterprises in the Industrial Park have signed a total of 4.605 billion RMB cross border loan contracts with 12 Singapore banking institutions. China-Singapore Trade in Services Innovation Forum is an internarial platform and a “Booster” for further cooperation between China and Singapore.