On August 5, Hangzhou Industrial Investment Group Co., Ltd. made its debut on the Global Top 500 list, announced by Fortune, ranking 402nd.

As the municipal-level state-owned enterprise, this enterprise focuses on industrial investment, and has 34 shareholding enterprises, spanning sectors such as advanced manufacturing, smart Internet of Things, biomedicine, and new energy.

This achievement highlights Hangzhou's progress in promoting high-quality development of state-owned enterprises and building five robust industrial ecosystems.

Hangzhou's GDP exceeds 1,000 billion yuan in the first half of the year. For the growth, the industrial economy plays an important role, and the high-tech industry makes great contributions.