Firmly Promoting High-Quality Development of Urban Economy

Focusing on the goal of building a benchmark area for urban economy, we will continue to exert efforts in high quality, high energy, and high efficiency, and spareno effort to achieve thequalitative improvement and reasonable quantitative growth of economy.

We are committed to accelerating the aggregation of headquarters economy. Focusing on 19 kilometers of riverfront, we are advancing the comprehensive construction of headquarters to drive the integrated development of Qianjiang New Town Phase II, Hangzhou International Financial Center, Hangzhou Financial City, Hangzhou-Hong Kong High-end Service Industry Demonstration Zone, Yuhuangshan South Fund Town, and other areas. Our concerted efforts are aimed at establishing an international central business district with the Qiantang River headquarters economy aggregation area as the core. The government is actively promoting the aggregation of digital trade headquarters, Qiantang Smart City, and Jianding New City’s Future Industrial Headquarters. It is increasing efforts to attract leading companies such as the Fortune Global 500, China’s Top 500 Enterprises, Top 500 Private Enterprises, listed companies, and companies planning to go public, striving to land 10 headquarters projects and add 4 new listed companies. With a focus on TOD projects such as Wubao Station and Haichao Station, efforts are being made to promote the construction of high-end characteristic commercial buildings, adding 1.5 million square meters of commercial buildings. Attention is directed towards enhancing the average efficiency of buildings, with the total number of buildings generating tax revenue exceeding one billion yuan surpassing 66. As a pilot project, the land retention projects in Sanbao and Wubao are driving the transformation of land investment from “land supply” to “land supply + building supply”, aiming to sell 6 parcels of commercial and business land and 5 parcels of industrial land. Improvements in livable, business-friendly, and educational support services are being made to create a favorable ecosystem for the development of headquarters economy aggregation.

We are committed to strengthening the leading roleof high-end industries. Leveraging the advantages of the core area of the Qiantang River Financial Harbor, we actively layout new financial tracks toattract licensed financial institutions, investment headquarters, financial technology firms, public funds, and private equity institutions. This effort resulted in the addition of 6 licensed financial institutions at or above the provincial level and 50 investment institutions. We are also advancing the establishment of Qualified Foreign Limited Partner (QFLP) pilot funds. We’re accelerating momentum in fashion and digital consumption, shining a spotlight on Sijiqing Garment Market as the “No.1Street for Chinese Fashion,” and nurturing the growth of the “Four Firsts(First store, First release, First show, First brand)”, “Four Beauties(Clothing, Makeup, Food, Arts)” economies, and live-streaming economy. This has resulted in the establishment of 70 stores, including first, flagship and pop-up stores. Additionally, we’re concentrating on urban industrial development, promoting vertical industrial integration, and exploring an investment model combining headquarters and production bases. As a result, we’ve attracted 20 manufacturing projects, achieving a 15% increase in manufacturing investment. To vigorously develop the high-end professional service industry, we have built a business service industry system focusing on engineering design, supply chain services, and consulting assessments, supported by legal, accounting, and auditing services. Inthisaspect,25 high-end productive service enterprises have been attracted. We are promoting the development of the big health industry, focusing on areas such as digital medicine, traditional Chinese medicine, and health promotion. We continue to attract high-quality projects and strive for a 20% increase in the value-added of the health industry. In addition, we are actively planning for the future layout of industries such as quantum communication, artificial intelligence, and metaverse.

We are committed to enhancing the level of key platforms. Promoting the integrated development of Hangzhou Financial City and Yuhuangshan SouthFund Town, we seize the opportunity presented by innovative pilot projects in regional equity markets,strengthen cooperation with Zhejiang Equity ServiceGroup, anddeepen the construction of a platform for the quotation and transfer of venturecapitalequity and private equity shares. Weaimtocreatea strong magnetic field for project roadshows, explore the establishment of S funds and better play the role of financial services entities. We are comprehensively launching the transformation and upgrading of the northern area of Qiantang Smart City, promoting the policyof“replacing old industries with new ones,” and expanding the scale and strength of intelligent manufacturing industries such as optoelectronics, high-end equipment, and digital energy. This has resulted in a 6.5% increase in total revenue of enterprises above designated size in the park and a concentration of leading industries exceeding 60%. We are accelerating the construction of the East RailwayStation Hub Business District, leveraging the radiating effect of Hangzhou East RailwayStation as a key node in the southern wing of the Yangtze River Delta, continuously expanding the digital trade industry, accelerating the development of new digital content consumption, and attracting 10 key enterprises in digital trade. We are also promoting the characteristic development of Dinglan Smart Town, leveraging the agglomeration effects of Xizi Smart Industrial Park andthe Digital Economy Innovation Center ofCAS Capitalto attract and cultivate 3 “littlegiant” firmsspecializing in unique and cutting-edge fields.