SBF and China Enterprises Association jointly launched the “BRI Connect” Platform at Singapore Regional Business Forum 2017
- BRI Connect will serve as an online and offline platform to connect relevant parties and will facilitate the concretization and implementation of BRI projects in Singapore, China and countries along the Belt and Road
Upon its launch, BRI Connect will serve as an online and offline platform to connect various parties interested in BRI projects and serve as a facilitator for the regional business community to concretize and implement BRI projects in Singapore, China and countries along the Belt and Road. These include the sharing of latest developments of BRI, providing market analysis and intelligence, conducting feasibility and evaluation studies, assisting in project investment and financing, offering legal and arbitration consultation, setting up of online and offline BRI project matching activities, promoting the development of talent capability development and showcasing successful BRI projects and stories.
Mr Teo Siong Seng, Chairman of SBF, said, “In today’s global economy, the importance of the 21st Maritime Silk Road (MSR) under the BRI cannot be overstated. Since the 11th China-ASEAN Expo (CAEXPO) in 2014, I have constantly highlighted the importance and significance of MSR and am heartened by the robust support given by CEA to launch the ‘BRI Connect’ Platform. It reflects our Chinese counterparts’ commitment to progress collectively and co-exist harmoniously as a family of nations.”
Mr Ho Meng Kit, Chief Executive Officer of SBF, said, “SBF has always been on the frontline of efforts to mobilise, share and exchange BRI-related information to increase the business community’s awareness of the Initiative. Today, I’m glad that we’re taking it one step further by launching the ‘BRI Connect’ Platform to concretize our past efforts and assist our member companies and the wider business community on projects related to BRI in the region.”
Mr Meng Fanqiu, President of CEA, said, “The BRI is about imbuing the ancient Silk Road spirit, which includes the deepening of partnerships, achieving mutual benefits, as well as emphasizing inclusive and sustainable growth. The BRI Connect Platform is founded on this basis and we look forward to facilitating regional businesses in the successful planning and implementation of BRI projects.”
Since the BRI’s launch by Chinese President Xi Jinping in 2013, SBF has been among the first movers to drive the sharing and exchange of BRI-related information to increase the Singapore business community’s awareness of the Initiative. This includes organising the annual Singapore Regional Business Forum (SRBF) and putting BRI information on the Belt and Road Portal in conjunction with Singapore Press Holdings (SPH).
Founded in 1999 by 11 Chinese enterprises and supported by the Embassy of the People’s Republic of China in Republic of Singapore, CEA plays a complementary role in contributing to the positive development of Sino-Singapore economic and trade relations and promoting public awareness of its members. To date, it has recruited more than 500 members from sectors including finance, trading, shipping, air transport and construction.
With the number of contracted BRI projects increasing steadily since 2016, reflected by a combined business revenue of US$75.97 billion, an increase of 9.7% year on year, the launch of the BRI Connect Platform serves as a timely initiative to further promote regional BRI-related activities including business missions, roundtable discussions, forums and summits. Organizations that are successfully recruited will be able to tap on SBF and CEA’s extensive member networks of more than 24,000 and 500 companies respectively and participate in third country collaborations for upcoming BRI projects.