UOB and the China-Singapore Guangzhou Knowledge City Administrative Committee (KCAC) have signed a Memorandum of Understanding (MoU) to enhance cross-border business, investment, and financial collaboration between the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and ASEAN. The agreement was formalised during the 16th Singapore-Guangdong Collaboration Council meeting on 25 August in Singapore.
The partnership aims to leverage Guangzhou Knowledge City’s role as a flagship China-Singapore project and UOB’s extensive ASEAN network. It will focus on five key areas over the next three years, including supporting innovation-led economic transformation and promoting trade, investment, and supply chain connectivity. The collaboration will also enhance market access and capital market connectivity, support regional headquarters development, and deepen the local financial ecosystem.
Eric Lian, Head of Group Commercial Banking at UOB, highlighted the significance of the partnership, stating, “The Greater Bay Area is one of China’s most dynamic innovation and economic hubs, whilst ASEAN continues to be among the world’s fastest-growing regions. Through this partnership with the China-Singapore Guangzhou Knowledge City Administrative Committee, UOB will leverage our deep ASEAN expertise and network with Guangzhou Knowledge City’s role as a key platform for China-Singapore collaboration.”
The MoU establishes a framework for regular engagement between UOB and KCAC, aiming to create platforms for business exchange and facilitate access to professional and financial services. This collaboration is expected to strengthen trade and investment links and support sustainable growth between the GBA and ASEAN.
