City officials said the "industry plus fund" model helps address financing challenges for enterprises and connects upstream and downstream resources through capital investment, creating a more integrated industrial chain.

"Beijing gathers China's top talent, cutting-edge technologies, and robust capital," said Xu Huadong, deputy Party secretary and mayor of Taicang. "Taicang aims to be the best transformation site for Beijing's innovations. We sincerely welcome everyone to visit Taicang and experience its charm, potential, and vitality."