Singapore Exhibitors Forge New Partnerships and Business Opportunities at the 2nd CIIE
- Three MOUs signed to boost collaboration between Singapore and Chinese enterprises in the finance, biotechnology and shipping sectors
- Close to 300 Singaporean and Chinese business leaders attended SCTIF to foster dialogue and deepen collaboration
- Tailored Business Pitching Sessions and WeChat digital business matching platform connected Singapore exhibitors with Chinese buyers
Three MOUs to boost collaboration between Singapore and Chinese enterprises in the finance, biotechnology and shipping sectors were inked at the Singapore-China Trade and Investment Forum (SCTIF) today. The MoUs signed include:
- An investment agreement between Tembusu Partners (Singapore), Guiyang Ruishu Investment Management, and state owned Renhuai Moutai Flavor Liquor Industry Development & Investment, and launch of the first China-Guizhou Baijiu Fund, to invest up to RMB 2 billion in the baijiu-related businesses. Renhuai Moutai Flavor Liquor Industry Development & Investment will anchor the Fund with RMB 650 million.
- A strategic agreement between Westcom Solutions and Avic Phoenix Shanghai, a subsidiary of Chinese state-owned company China Aviation to appoint Avic Phoenix Shanghai as its exclusive business partner in China to promote its biotechnology solutions for food waste recycling
SBF Chairman Mr S.S. Teo said, “This year’s theme ‘Forging Partnerships, Expanding Horizons’ underscores the desire of Singapore companies to deepen business collaboration and expand their footprint in China and the rest of the world. Singapore’s strong presence and vibrant showcase at this year’s CIIE demonstrates the strengths and value propositions of Singapore and our businesses across diverse sectors.
“Besides showcasing Singapore’s quality products and services to China and the world, we also hope to promote greater collaboration between Singapore and Chinese companies in third party markets in areas of regional connectivity, finance as well as legal cooperation. We hope to see more MoUs signed and deals made in the days to come.”
SBF CEO Mr Ho Meng Kit added, “China has been and continues to be a key market for many of our companies. Growing wealth of Chinese consumers and the rapid development of e-commerce is driving the rise of China’s consumer market. And as Chinese consumers become more discerning, the demand for high-end and quality products is also growing and this spells significant opportunities for our companies.
“In the World Bank’s latest Ease of Doing Business rankings, China jumped from 46th last year to the 31st place, reflecting its commitment to implement pro-business reforms. This is good news for our companies looking to grow in China.”
Forging New Partnerships Through Business Pitching and Matching
Building on last year’s business-matching efforts and success, SBF organised the SCTIF today. Themed “Forging Partnerships, Expanding Horizons”, the SCTIF aims to foster dialogue and deepen cooperation between Chinese and Singapore enterprises.
Singapore’s Minister for Trade and Industry Mr Chan Chun Sing graced the event as the Guest of Honour. In the Ministerial Dialogue moderated by SBF CEO Mr Ho, Minister Chan shared insights on the importance of connectivity and how it needs to go beyond the hardware dimensions to also include areas such as finance and technology. Minister Chan also noted that the collaboration between Singapore and China has developed in tandem with China’s integration to the global economy.
This year, a newly introduced business pitching and networking session saw 12 Singapore companies showcase their products and services to Chinese buyers. Companies that took part include RSP Architects Planners & Engineers Pte Ltd, Commodities Intelligence Centre, Ninja Logistics Pte Ltd, OSIM, and Four Seasons Durians. The event attracted close to 300 participants, including senior government officials, business leaders from various industries across Singapore and China.
Throughout CIIE, SBF will also collaborate with the Bank of China Singapore Branch as its sole financial service partner to organise an exclusive business-matching event. Close to 60 Singaporean companies have signed up for the event, and each company has been scheduled to meet more than 50 Chinese buyers.
SBF also launched a WeChat mini programme on October 31 to help buyers connect easily with Singapore exhibitors, allowing them to send messages and make appointments in real-time.
Please refer to the Chinese version of this media release here.