Singapore-Chongqing connectivity strengthens, facilitating trade

singapore chongqing connectivity strengthens facilitating trade

Sumary of Singapore-Chongqing connectivity strengthens, facilitating trade:

  • It focuses on opportunities to deepen financial collaboration between Singapore and Chongqing, and more broadly between ASEAN and western China.
  • Financial cooperation has become an engine for Belt and Road Initiative (BRI) projects, connecting the Silk Road Economic Belt and the 21st-Century Maritime Silk Road.
  • For example, the CCI cross-border financial services is empowering the New International Land-Sea Trade Corridor.
  • It is a financial service platform jointly built by China and Singapore for the corridor, providing convenient and low-cost financial services for logistics, trade and manufacturing enterprises along the route.

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