The third Global Wuxi Business Conference was held in Wuxi to much pomp and fanfare on September 22.

To showcase exemplary models, harness the wisdom and strength of Wuxi merchants, and encourage them to actively participate in industrial growth and new practices under the "Two Concentrations and One High" initiative, the Wuxi Federation of Industry and Commerce, in collaboration with the Municipal Economic and Information Commission and the Wuxi Daily Group, conducted a recommendation activity for the "Wuxi City Wuxi Merchant Award". After application, selection, review, and public announcement, the "Top Ten Outstanding Wuxi Merchants in Wuxi" and the "Hundred Outstanding Wuxi Merchants in Wuxi" were finalized.

Jiangsu Xinchao Technology Group Chairman Wang Xinchao was honored as one of the "Hundred Outstanding Wuxi Merchants in Wuxi" and received the "Wuxi City Wuxi Merchant Award" medal.

At the conference, the Wuxi Federation of Industry and Commerce, in conjunction with relevant departments, followed the practices and experiences of large-scale private enterprise research released by the All-China Federation of Industry and Commerce. A survey was conducted among large private enterprises in the city using 2016 marketing revenue as the primary criterion with consideration for social contributions, and when the top 100 private enterprises in Wuxi were announced, the Jiangsu Xinchao Technology Group Co., Ltd. was recognized as one of the "Top 100 Private Enterprises in Wuxi".