The 2024 “Shanghai International Consumption Center City” project investment promotion roadshow was held in Singapore on Monday afternoon.
The event was co-organized by the Shanghai Commission of Commerce and the Pudong New Area Government, sponsored by the Singapore Chinese Chamber of Commerce and Industry, and sponsored by International Enterprise Singapore.
The event was attended by more than 150 people, including representatives from Temasek, CapitaLand, Hong Leong, Keppel, DBS Bank, and business and professional organizations in the city.
Mr. Zhu Yi, Deputy Director-General of the Shanghai Commission of Commerce, delivered the keynote speech and provided details on economic and trade exchanges between Shanghai and Singapore.
Singapore is one of Shanghai’s key sources of foreign investment and is also one of the main destinations for Shanghai’s local companies to “globalize” their trade and investment.
Zhu said Shanghai will continue to expand cooperation with Singapore. Both sides will vigorously develop projects in business services, financial services, digital economy, technological innovation, urban regeneration and other areas, share experiences and strengthen relations.
Shanghai is accelerating the construction of a modern socialist international metropolis with global influence, strengthening the “four major functions” of global resource allocation, technological innovation, advanced industry, and opening up hubs, and Singapore More market opportunities will be created for companies. , she added.
Shanghai will continue to create a favorable business environment and provide convenient and high-quality services for Singaporean investors to further accelerate the city’s development.
Mr. Yang Chao, Deputy Director-General of Pudong City, introduced the achievements of institutional opening-up in Pudong New Area and China (Shanghai) Pilot Free Trade Zone.
Yang said Pudong has led the way in aligning with international high-standard economic and trade rules such as CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) and DEPA (Digital Economic Partnership Agreement).
Pudong plans to make full use of its legislative powers to serve more foreign investors.