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Singapore business community welcomes Chinese Premier Li Keqiang on his first bilateral visit to Singapore

  • Singapore’s business community held a welcome banquet in honour of Chinese Premier Li Keqiang.
  • Graced by Minister of Finance, Mr Heng Swee Keat, the event drew close to 1,000 senior officials and business leaders from China, Singapore and beyond.

13 November 2018 [Singapore] - 
The Singapore Business Federation (SBF) and the Singapore Chinese Chamber of Commerce & Industry (SCCCI) jointly hosted a Welcome Banquet on behalf of the Singapore Business Community in honour of His Excellency Li Keqiang, Premier of the State Council of the People’s Republic of China.

This event is held in conjunction with Premier Li’s state visit to Singapore from 12 to 15 November, during which he will attend the 33rd ASEAN Summit and related meetings, rounding up a year of fruitful engagement between both countries.

Graced by Singapore’s Minister for Finance, Mr Heng Swee Keat, who is also the Deputy Co-Chair of the Joint Council for Bilateral Cooperation, the event was also attended by close to 1,000 senior officials and business leaders from China, Singapore and other countries.

Mr S. S. Teo, Chairman of SBF said, “The Singapore business community is honoured to welcome Chinese Premier Li Keqiang on his maiden bilateral visit to Singapore to attend the ASEAN Summit. Singapore and China enjoy a deep, longstanding and robust relationship underpinned by a steady flow of high-level visits, growing people-to-people exchanges, multifaceted cooperation and strong economic ties.”

Mr Teo emphasised that opportunities abound for Singapore and Chinese companies to jointly develop third-party markets, especially in Southeast Asia under the Belt and Road Initiative and Southern Transport Corridor framework.

He added, “Singapore can serve as an effective launchpad for Chinese companies to venture into these third-party markets. By tapping each other’s complementary strengths and forging closer partnerships, Singapore and China can strengthen their comparative competitiveness to provide value-for-money project propositions to the host countries.”

SCCCI President, Mr Roland Ng said, “Aligning with Government policies, SCCCI has always been energetically leading Singapore companies to seize the opportunities arising from the Chinese market. We have set-up offices in Shanghai and Chongqing and helped more than 1,000 Singapore companies to move into the Chinese market.”

On SCCCI’s plans to set up an office in Chengdu next year, Mr Ng added, “This will enable us to forge close collaboration between Singapore and Chinese enterprises to seize the business prospects arising from the Belt and Road Initiative and the New International Land-Sea Trade Corridor.” 

Click here to view SBF Chairman Mr S. S. Teo's welcome address. The English translation is available here.

 

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