In 2023, the market saw 309,000 new market entities, including 106,500 newly established enterprises.
With the issuance of the Innovation Actions of Suzhou on Optimizing Business Environment 2023, the city strives to make government services accessible via a single website and highdemand government services available on an inter-provincial basis and improve the "15-minute government service circle".
The volume of the tax and fee reduction, tax rebate and deferred tax and fee reached 57.19 billion yuan in 2023.
Hengli Group,Sheng Hong Group Holdings Limited, Bosideng were selected into the top 500 world brands, 26 enterprises were shortlisted for the top 500 Private Enterprises in China, 25 companies were shortlisted for the top 500 Private Companies in China's manufacturing industry.
The internet court was approved to be established, making Suzhou the only city nationwide to have five specialized courts at the same time. Suzhou Industrial Park (SIP) was recognized as the prestigious investment promotion institution worldwide by the United Nations Conference on Trade and Development (UNCTAD), the only one of its kind in China that won this award.
Suzhou was awarded the city with best business environment in the "Business environment evaluation by 10,000 civil enterprises" in the nation for five consecutive years.
