Business leaders deepen Sino-Singapore bilateral ties at business roundtable discussion
29 November 2014 [Singapore] - Over 40 top business leaders from the Singapore Business Federation (SBF) and China Entrepreneur Club (CEC) have come together to discuss business and investment opportunities in the months leading to the ASEAN Economic Community (AEC) 2015. The AEC, which comes into effect next year, envisions a single market and production base with the free flow of goods, services, investment, capital, and skilled labour among the 10 ASEAN member nations.
“The AEC 2015 presents immense potential for China enterprises. Singapore been a key ASEAN member and with its world-class infrastructure and global connectivity, it provides an ideal platform for Chinese companies keen to extend their global footprint in ASEAN. Through the SBF-CEC Business Roundtable and similar discussions held between the business communities from both countries, SBF hopes to facilitate more networking opportunities for both Singapore and Chinese entrepreneurs. Besides looking at investment opportunities, Singapore and Chinese entrepreneurs can find ways to collaborate and venture into other countries.” said Mr S.S. Teo, Chairman of SBF. He added “As Singapore and China celebrate 25 years of diplomatic relations next year, we look forward to further developing the bilateral ties between the two countries.”
China being Singapore’s top trading partner, with total trade amounting to S$115.2 billion in 2013, is a large and influential market. In the same year, Singapore is also China’s biggest investor country with investments reaching US$7.23 billion.
"Singapore plays a crucial role in China's economic development. The CEC delegation will meet the most influential leaders from the political, business and academic field and we hope to build a strong foundation to further the cooperation between China and Singapore," said Mr Ma Weihua, Executive Chairman of CEC and Former President and CEO of China Merchants Bank.