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Singapore and China to Enhance Cooperation in the Financial Sector

Written by: Bridgewest

Singapore-and-China-to-enhance-cooperation-in-the-financial-sectorSingapore and China have very good trading relations as Singapore is one of the main logistics hub in Southeast Asia and the number of goods passing through the city-state on the way to or from China is very high. However, the two countries continue to enhance these relations by collaborating in other areas also. The latest cooperation between Singapore and China targets the financial sector. Our Singapore company formation consultants can offer information on the financial system in the Lion City.

Singapore and China have 5 new financial projects together

Singapore and Chinese representatives met a at the end of June when they decided on the financial projects which will enhance relations between the two countries. One of them is related to the Belt and Road infrastructure projects which will be receiving funds from Singapore given the major role of the city-state in the new development. The two countries will also work together with the purpose of conceiving training programs for Chinese and Singapore employees participating in the Belt and Road project.

Singapore banks and Chinese financial institutions are also very active on each other’s markets and the Monetary Authority of Singapore and the Beijing Central Bank have agreed to see their cooperation grow.

Our Singapore company formation specialists can assist foreign investors who want to start companies in the financial sector in the city-state.

Other joint projects between Singapore and China imply the capital markets

The Singapore Stock Exchange already has various schemes going on in collaboration with the Chinese Stock Exchange, however the two countries are planning on expanding these projects, and even to start new ones. The bonds market will most likely be the next focus point on the two regulators’ agenda.

A project which is already underway is related to the development of long-term renminbi instruments which will help investors increase the management level related to the financial of infrastructure projects.

Next on the two countries’ agendas is the China-Singapore Joint Council for Bilateral Cooperation meeting where the projects will be debated in detail.

For information of the agreements between Singapore and China, do not hesitate to contact us. You can also count on us if you want to open a company in Singapore.

 

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