From left: SCCCI Core Council member Charles Ho, Shanghai Pudong New Area Vice Mayor Yang Chao, and SCCCI Technical Committee Vice Chairman Philip Philip at a gathering held in Singapore on January 29. Mr. Kia. [Photo by TOH EE MING / FOR CHINA DAILY]
In order to strengthen cooperation between Shanghai and Singapore and promote closer trade relations, the Shanghai Municipal Commission of Commerce and the Pudong New Area People’s Government jointly organized the “Invest in Shanghai, Share the Future” overseas promotional campaign (Singapore) ).
Held on January 29 at the Hilton Singapore Orchard, the event showcased Shanghai’s latest economic development and opening-up initiatives, promoted policies and projects to promote urban regeneration, and encouraged Singaporean companies to join Shanghai and Singapore. provided a platform to gain deeper insight into investment possibilities. Seize opportunities for development.
The event was also co-hosted by the Singapore Chinese Chamber of Commerce and Industry and sponsored by trade development agency Enterprise Singapore.
Greater opening-up will lead to stronger cooperation, which will foster mutual growth, speakers said.
Zhu Yi, Deputy Director-General of the Shanghai Commission of Commerce, spoke in detail about 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.
He said the two countries will vigorously develop projects, share experiences and strengthen ties in areas such as business services, financial services, digital economy, technological innovation and urban regeneration.
Shanghai is accelerating the construction of a modern socialist international metropolis with global influence, strengthening the four main functions of global resource allocation, technological innovation, advanced industry, and opening up hubs, which will She said more market opportunities will be created for Singaporean companies. Added.
Mr Tan Sok Zhu, Deputy Director General of Enterprise Singapore’s China Headquarters, spoke about the strong trade relationship between Singapore and Shanghai.
“For a long time, many Singaporean companies have viewed Shanghai as an important gateway to China,” she said.
As a major city in the Yangtze River Delta, Shanghai is not only the largest financial center in mainland China, but also has a market-oriented, legal and international business environment, along with rich talent resources and an innovation ecosystem, Tan said. pointed out.
She said this excellent environment provides more opportunities and convenience for foreign companies.
At the same time, many Chinese companies are also optimistic about Singapore’s business-friendly environment and global connectivity.
Many are choosing Singapore as their regional and international trade headquarters, with more than 400 Shanghai-based companies expected to operate in Singapore by the end of 2022, with total investment exceeding $7 billion. she stated.
“We sincerely welcome Chinese-funded enterprises to settle and develop in Singapore and cooperate with Singaporean enterprises,” Mr Tan said.