5G Finance Town launched in Suzhou New District

The first 5G Finance Town in China is launched in Suzhou New District, Suzhou Jiangsu province. [Photo/snd.gov.cn]

The first 5G Finance Town in China was recently launched in Suzhou New District, Suzhou, Jiangsu province.

The newly-launched town is co-established by the Suzhou-based Investment Development Co and the Suzhou subsidiary of the China Mobile Communications Group Co.

The two sides will take full advantage of China Mobile's Suzhou subsidiary in advanced technologies to cooperate in basic communications, safe industry parks, telecommuting, smart exhibition halls and mobile security.

The Finance Town has been covered by 5G signals, which will support the transformation of the special town into a smart finance one.

The Suzhou Investment Development Co, based on the Finance Town, has established the "Internet +" fund to attract more high-end financial resources to boost the development of real economy in Suzhou New District.

The Suzhou subsidiary of the China Mobile Communications Group Co, the largest mobile information operator in Suzhou, offers clients abundant internet services with the help of emerging technologies, including internet of things and cloud computing.