A new Professional Services (PS) Centre has been launched in Shanghai by six leading Singaporean trade associations and professional membership bodies, marking a significant step in strengthening business ties between Singapore and China. The Alliance, comprising the Institute of Singapore Chartered Accountants (ISCA), the Association of Small & Medium Enterprises (ASME), the Institute of Valuers and Appraisers, Singapore (IVAS), the Singapore Manufacturing Federation (SMF), the Tax Academy, and The Law Society of Singapore, aims to facilitate cross-border growth by bringing together over 50,000 professionals across more than 30 industries.
Strategically located in the Hongqiao Business District, the PS Centre will serve as a gateway for bilateral engagement, offering a platform for businesses to connect and collaborate. The initiative is part of Singapore’s “hunt in a pack” strategy, which encourages business associations to expand collectively, providing end-to-end support for legal, tax, valuation, accounting, and advisory needs.
The centre focuses on three main areas: international expansion, business enablement, and fostering a regional ecosystem. It aims to act as a hub for firms seeking to expand overseas, offering tailored guidance and services. The centre will also provide business opportunities for professional services firms and serve as a platform for knowledge sharing and strategic networking.
The launch of the PS Centre is seen as a pivotal step in expanding Singapore’s professional services ecosystem into China. It is supported by key stakeholders from both countries, including government agencies and trade associations. Future plans include establishing additional centres in Ho Chi Minh City, Nanjing, and Johor Bahru.
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