Suzhou Land Group Signed Strategic Cooperation Agreement on “the Saudi Center” with Bank of Jiangsu Suzhou Branch!

On December 15, Suzhou Land Group, together with Bank of Jiangsu Suzhou Branch, held signing ceremony of strategic cooperation on “the Saudi Center”. Both parties treat the center as a key platform and the implementation of “building a comprehensive service port for overseas investment” as a core target. Centering on fields such as enterprise overseas investment, international cooperation, cross-border financing and Saudi Center comprehensive financial service, both parties will provide enterprises with service guarantee on overseas investment, and open a new chapter of cooperation between financial service and industrial economy.

Before the signing, Ye Feng, chairman of Suzhou Land Group, met with Jiang Xuezhong, secretary of the Party Committee and president of Bank of Jiangsu Suzhou Branch, and his team. Ye Feng expressed welcome to mutual resource complementarity and China-Saudi international cooperation enablement, and thanks to the long-term support of Bank of Jiangsu on Land Group. Jiang Xuezhong said that Bank of Jiangsu always treats internationalization as a key development direction, guided by serving enterprises that will be “invited in” and “go out”, the bank actively follows the national “Belt and Road” development strategy.

In June 2025, Land Group successfully held “China-Saudi Enterprise (Suzhou) Investment Promotion Conference”, the Saudi Center was officially unveiled in the conference. The project has already received honors including Jiangsu Belt and Road Intersection Key Project, Jiangsu Key Service Industry Project, and Suzhou Key Project. As a core trading carrier, China-Saudi International Cooperation Industrial Park started construction in April 2025. Recently, China-Saudi Center is also about to launch officially. In order to assist enterprises to efficiently, orderly and safely invest overseas, Land group is working hard to build an integrated and long-term sustainable overseas investment service system.

Under this background, both parties will collaborate closely. Relying on Land Group’s “dual centers” strategic layout and Bank of Jiangsu’s internationalized service capability, both sides will provide solid and reliable financial guarantee and platform support to “going-out” enterprises, promote the “group success” of these enterprises. Besides, both parties will also conduct in-depth cooperations in fields such as China-Saudi industrial investment fund cooperation, industrial investment promotion, trade, cross-border settlement channel building, fintech and serving China-Saudi (Changshu) International Economic Cooperation Zone (tentative name).

Treating the signing as starting point, both parties will continuously explore financial service + international cooperation new model, comprehensive enhance the quality and efficiency of financial services for social economy and industrial development, build service, resource and ecology support covering the full chain for enterprises, and realize stable and sustainable internationalized development.

Other participants from Bank of Jiangsu include Sun Mao, general manager of business division of Suzhou branch, Chen Yuanyuan, general manager of security division (administration division）of Suzhou branch, Zhu Jun, president of Changshu branch, Xu Mingzhu, president of Taicang branch, Qian Weidong, vice president of Changshu branch, and Zhang minxia, deputy manager of public business division no.1 of Changshu branch. Other participants from Suzhou Land Group include president Gu Wenwen, Xu Jie, vice president of the group and general manager of Changshu management center, Zeng Liang, senior vice president for international cooperation, Lu Yan, general manager of financial division, and Zhang Tengyun, operation director of investment and operation division.