Chinese Businesses Urged to Use Singapore as a Launchpad for Expansion

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Singaporean financial institutions and China’s business association recently announced a collaboration to help Chinese enterprises use Singapore as a launchpad for overseas expansion.

Last week, the United Overseas Bank Ltd, Singapore Exchange Ltd and the Chinese Chamber of International Commerce (CCOIC) signed a memorandum of understanding to help Chinese companies further expand into the ASEAN marketplace.

The multilateral alliance builds on the banks existing collaboration with the CCOIC in order to facilitate Chinese multinational globalisation efforts.