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SBF leads 3rd mission to Chongqing to seize business opportunities under the Chongqing Connectivity Initiative

The delegation:
  • is the largest and most diversified group of SMEs to explore business opportunities under CCI
  • will engage in customised business matching to promote collaboration under CCI
  • will explore business opportunities in high growth sectors, including Transport & Logistics, ICT & Technology, and Finance
9 April 2018 [Singapore] - Further to the inauguration of the China-Singapore (Chongqing) Demonstrative Initiative on Strategic Connectivity since November 2015, Singapore Business Federation (SBF) will lead a third business delegation to Chongqing, 10-13 April 2018. This business mission, comprising 35 delegates from 25 companies, is held in conjunction with the official visit of Mr Chan Chun Sing, Minister in the Prime Minister’s Office and Secretary-General of the National Trades Union Congress (NTUC).

This business mission is a follow up to the first two SBF Business Missions to Chongqing in April and September 2016, in conjunction with Minister Chan’s and Prime Minister Lee Hsien Loong’s official visits after the initiation of CCI.

The third business mission will enable delegates to obtain in-market business insights from key government officials and industry experts in Chongqing. Delegates will also benefit from potential collaboration opportunities with local partners through business networking and business matching sessions.
During the four-day mission, the Singapore delegates will meet Chongqing local government officials and enterprises to develop better understanding of Chongqing’s business environment, particularly the latest trend in ICT and financial development, logistics and supply chain management.

A highlight of this mission is the Trade and Investment Promotion seminar, co-organised by SBF and Chongqing Connectivity Initiative Administrative Bureau (CCIB). Minister Chan Chun Sing will be sharing with about 100 participants from both Singapore and Chongqing, on the importance of CCI to foster closer collaboration between both sides. Leaders from Chongqing districts and industrial parks will share with Singapore businesses the latest projects, incentives, and partnership opportunities available. In addition, a business matching session will encourage interaction and project discussion between Singapore and Chongqing businesses.

“I am delighted to see the active participation of small and medium enterprises (SMEs) from Singapore in the business mission; it signifies that their interest towards CCI and Western China remains high. There are numerous opportunities to explore as well as to and for our business community to contribute to this G2G initiative,” said Mr. S. S. Teo, Chairman, SBF.

“SP Group is working with CapitaLand to design, build and operate an energy-efficient district cooling system for Raffles City Chongqing. It is expected to save the development 50 per cent in energy consumption.

We draw on our experience at Singapore's Marina Bay district, running the world's largest underground district cooling system that serves major commercial, hospitality and leisure establishments.

We are excited to join the SBF business mission in exploring new growth areas to help consumers in China enjoy a high quality, sustainable lifestyle,” said Mr Wong Kim Yin, Group Chief Executive Officer, SP Group.

CCI, which spotlights the Western region of China, is the third Government-to-Government project between Singapore and China. Its focus on finance, aviation, transport and logistics, and information and communications technology aligns with the strengths of Singapore businesses and the aspiration of Chinese enterprises looking to venture abroad.

In addition to its status as one of the four direct municipalities in China and the only one in the Western China, Chongqing plays a strategic role in key Chinese initiatives such as Belt and Road Initiative – the Western Region Development and Yangtze River Economic Belt strategies.

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