The Singapore Business Federation (SBF) has announced the signing of 16 Memoranda of Understanding (MOUs) at the Singapore-China Trade and Investment Forum in Shanghai. Held alongside the 8th China International Import Expo, these agreements, valued at approximately S$17m, aim to bolster partnerships in cross-border trade, healthcare innovation, education, and sustainable consumer products.
The MOUs include 15 business-to-business agreements and a strategic partnership between SBF and the Bank of China Singapore Branch. This collaboration seeks to support Singapore-based companies in expanding into overseas markets, particularly China. SBF Chairman S.S. Teo highlighted Singapore’s strategic location and bicultural strengths as key factors in facilitating these partnerships, stating, “As our economic ties deepen, we can expect to see more high-quality opportunities emerging in new industries and future-oriented sectors.”
Among the notable agreements, Kensetsu International will work with Chinese partners to develop intelligent exterior coatings with air purification technology, aligning with China’s “dual carbon” targets and Singapore’s Green Plan 2030. Additionally, Slasify’s MOUs will enhance digital platforms for deploying skilled professionals across China and ASEAN, leveraging Singapore’s regulatory strengths and digital infrastructure.
The forum also featured a high-level panel discussion on investment opportunities and scalable business models, underscoring Singapore’s pivotal role in connecting China with ASEAN markets. Supported by Enterprise Singapore and the Bank of China Singapore Branch, the event attracted a distinguished audience, reinforcing its importance in Sino-Singapore economic diplomacy.
