Li Dianxun, deputy mayor of Chongqing, suggested that the Singapore capital market can provide some service conditions for more companies in Chongqing to go public and raise funds, and there is a lot of room for cooperation between the two parties.(Provided by the Information Office of the Chongqing Municipal People's Government)

Li Dianxun, newly appointed deputy mayor of Chongqing in January this year, said in an exclusive interview with Lianhe Zaobao that if Singapore's new generation of information technology is effectively connected with Chongqing's industrial base, it will be able to promote the intelligent upgrading of traditional industries.The two parties can also cooperate to promote Chongqing's transformation from an asset-heavy financing model to an asset-light financing model, and meet the innovation needs of the industry.

In the context of Chongqing’s commitment to the development of big data and intelligent industries, Li Dianxun, vice mayor of Chongqing, pointed out that Chongqing can deepen cooperation with Singapore in technology and financial innovation, so that Singapore’s technology research and development capabilities can meet the needs of Chongqing’s industrial transformation, and at the same time encourage moreMany Singaporean capital and financial innovation models have entered Chongqing to support the development of innovative enterprises in Chongqing.

In conjunction with the first China International Intelligent Industry Expo (Smart Expo) to be held in Chongqing the day after tomorrow, Li Dianxun expressed the above views in an exclusive interview with Lianhe Zaobao yesterday.

He is one of the newly appointed vice mayors of Chongqing in January this year. He is responsible for the development of industry, technology and information industry.

He pointed out that the China-Singapore (Chongqing) Demonstration Project on Strategic Interconnection focuses on service modernization, and there is still much potential for cooperation in this field, especially in the fields of technological innovation and financial innovation.

In terms of scientific and technological innovation, Li Dianxun said that Singapore has good scientific and educational resources and comparative advantages in key core technology fields, but these scientific and technological innovations do not have a better industrial foundation to transform, nor a better application space to demonstrate;On the one hand, Chongqing has relatively complete industrial categories and relatively strong manufacturing capabilities, and has complementary advantages with Singapore.

He said: If Singapore's new generation of information technology is effectively connected with Chongqing's industrial base, it will be able to promote the intelligent upgrading of traditional industries, such as automobile manufacturing, electronic terminals, electromechanical equipment, biomedicine and other fields.

Secondly, in the field of financial innovation, Li Dianxun said that Singapore is one of the global financial innovation centers and has relatively advanced concepts and mature experience in financial innovation.The innovation needs of the industry.

He gave an example: In the field of equity financing, Singaporean venture capital can enter Chongqing more, and cooperate with Chongqing government guidance funds and other social capital to form emerging industry venture capital funds to lead and support innovation and entrepreneurship.Another example is that banks in Singapore can promote the light asset financing model in Chongqing in an appropriate way, so that more innovative enterprises in Chongqing can obtain financing.

Furthermore, he also suggested that Singapore’s capital market can provide some service conditions for more companies in Chongqing to go public and raise funds. Whether it is equity financing, debt financing or public fundraising in the capital market, there is a lot of room for cooperation between the two parties.

At present, the four major cooperation sectors under the framework of the Sino-Singapore (Chongqing) project are finance, logistics, aviation and information communication.Li Dianxun believes that Chongqing is now vigorously developing big data intelligence, with the goal of covering all manufacturing and service industries in these four major sectors, and at the same time surpassing these four major sectors to become a new type of tool with penetration.

The big data and intelligent industry is the economic field that Chongqing has concentrated on developing in the past year, but many cities across the country are also vying for the big pie. Guiyang, Wuhan, Chengdu and other central and western cities are all competitors of Chongqing.

Li Dianxun believes that Chongqing's comparative advantage lies in its solid industrial foundation: Chongqing is an important manufacturing base in China and the largest industrial center in the Midwest, with relatively complete industrial categories and strong manufacturing capabilities.

Li Dianxun: Sino-US trade war will accelerate industrial transformation and upgrading in Chongqing

Now that the Sino-US trade war has started, it has aroused the attention of the outside world on the sustainability of Made in China 2025, which may also indirectly affect the direction of Chongqing Smart Manufacturing.

In this regard, Li Dianxun said that from a negative perspective, the trade war may affect the import cost of a small number of key components in the field of automobile manufacturing and reduce the export advantage of some products in the list.

But he is also optimistic that the trade war will promote Chongqing to accelerate industrial transformation and upgrading, and implement a strategy of diversification of trade and investment, including the import substitution strategy of a considerable number of parts and components.

The Chongqing Smart Expo will be held for three consecutive days starting from the day after tomorrow. Singapore is the guest country of this Smart Expo. More than 40 high-tech companies will participate in the exhibition, sharing and displaying wisdom experience in various fields.

In the field of equity financing, more venture capital from Singapore can enter Chongqing, cooperate with Chongqing government guidance funds and other social capitals, and establish venture capital funds for emerging industries to lead and support innovation and entrepreneurship.Another example is that banks in Singapore can promote the asset-light financing model in Chongqing in an appropriate way, so that more innovative enterprises in Chongqing can obtain financing.

mdash;mdash;Li Dianxun, Deputy Mayor of Chongqing