Administrative Services Center

Focusing on the improvement of governmental services,35.4% of the administrative approvals have been cut off at the municipal level, with a 58.5% reduction of the total items for official approval. The Municipal Administrative Services Center has shortened 1/3 of the promised service time. The work in promoting administrative and trade ethos has seen efficiency and the taxpayers'questionnaire has shown a record 96.9% satisfaction for the services they have received. The reform in the ownership of enterprises has been under way and 98% of the municipal SOEs and collective enterprises have completed the reform. 82 government-related production units have been transformed into enterprises. The reform of financing system has been deepened and 6 government-owned non-operational investment projects have been surrogated to the markets. The re-grouping of state capital has been steadily implemented. Suzhou Municipal Construction Investment Corporation has increased capital and share-holders. Suzhou State-Development Group has been transformed into a state holding company with financial

1st Stock of China Elementary Education - Wuzhong of Jiangsu Province

investment as its main business. The financing channels for enterprises have been further widened. Three new stocks “Huafang Textile”, “Hengtong Photoelectrics” and “Jiangnan High Polymer Fiber”were listed in stock market, raising a total fund of 0.992 billion yuan. Suzhou Industrial Park has also issued 1 billion yuan of enterprise bond.