SINGAPORE-CHINA TIES  Pact signed on boosting  financial cooperation 

Economy January 09, 2019 01:00

By The Nation

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Singapore Exchange (SGX) yesterday signed a new strategic cooperation agreement with the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (CCI) Administrative Bureau, broadening its slate of collaborations with China as part of its efforts to support Singapore-China financial cooperation. 

CCI is the third inter-governmental project between Singapore and China.

Apart from facilitating access to innovative cross-border financial services for enterprises from Western China, this agreement between SGX and CCI Administrative Bureau will support Chongqing in its central role in catalysing business opportunities under the CCI.

The agreement with CCI Administrative Bureau builds on existing partnerships between SGX and the State-Owned Assets Supervision and Administration Commission (SASAC) as well as Financial Affairs Office (FAO) of the Chongqing Municipal Government, to help Chongqing companies access international capital funding for business expansion.