Swiss enterprises settle in Guiyang

A registration and certification ceremony for the first enterprises to enter Switzerland-Guizhou Industrial Demonstration Park was held in Guiyang, capital city of Guizhou province on Dec 7.

Four Swiss enterprises including a cross-border equity fund company, a chocolate company and a bio-technology company have settled in the demonstration park. The registered capital of the four enterprises is about $30 million, and is expected to grow to $90 million.

Guizhou and Switzerland signed an agreement to build an industrial demonstration park in March this year, the first foreign invested park in Guizhou. The park plans to cluster industries such as high-end precision manufacturing, electronic information based on big data, medical testing and biological pharmaceuticals. The park received investment funds of $5 billion, from which an annual output of $15 billion is anticipated.

Since the agreement was signed, the Federation of Small and Medium-sized Enterprises of Switzerland has organized visits to Guizhou by more than 20 companies, reaching a consensus on many aspects with the Guizhou Commercial Department.

Data show that the growth rate of absorption of foreign investment in Guizhou will reach 20 percent, well above the national average. Guizhou will put forward preferential policies to decrease operating costs and increase convenience for Swiss enterprises.