S'pore, Chongqing Continue Work to Boost Trade, Financial Links

A 10-year-old initiative to strengthen transport links between Chongqing and Singapore will produce new opportunities over the next 10 years for western China and Asean to work together in areas such as green finance and digital connectivity.

- Rosalind Ang

For a sustainable, low carbon future, both Asean and China will require a vast amount of green financing and investments, said Mr Leong Sing Chiong, deputy managing director for marketing and development at the Monetary Authority of Singapore.

He was speaking at a trade and financial conference on the China-Singapore (Chongqing) Connectivity Initiative New International Land-Sea Trade Corridor (CCI-ILSTC). The conference was held on June 11 at Conrad Singapore Orchard.

The CCI-ILSTC is a rail-sea multimodal transportation route for goods, linking Chongqing in western China to Singapore.

The conference marked the 10th anniversary of the China-Singapore (Chongqing) connectivity initiative and explored opportunities in trade and digital and sustainable financing for the region offered by the CCI-ILSTC.