IBLAC members committed to development of Shanghai

Continued efforts will be made to further overcome the institutional barriers so that market entities can be better invigorated, which is the core of an optimized business environment, he said.

Meanwhile, Shanghai will explore more opening-up measures in terms of cross-border e-commerce, finance, telecommunications and professional services.

The ideas and suggestions raised by IBLAC members or over the previous editions of the IBLAC forum have given much inspiration for the measures, said Gong.

Severin Schwan, chairman of the board of directors of the Roche Group and acting chairman of this year's IBLAC, said that the face-to-face dialogues with various companies' executives and government officials via the IBLAC meeting have helped to strengthen trust and understanding. 

IBLAC members have committed to making their due contribution to the development of Shanghai, which has served as the junction between the East and the West for centuries, he said.

Next year's IBLAC meeting will be held on Sept 22, 2024, said Schwan. It will focus on the topics of opening-up, cooperation and building Shanghai into a technology and innovation center. 

Rob Speyer, CEO of real estate company Tishman Speyer and Jean-Pascal Tricoire from Schneider Electric will serve as the vice-chairmen for next year's IBLAC, said Schwan.