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A total of six MoUs or LOIs were signed at the Singapore-China Trade and Investment Forum (SCTIF) at Crowne Plaza Shanghai Hongqiao during the 5th CIIE which was held from Nov 5 to Nov 10, the Singapore Business Federation (SBF) revealed.

As a high-level bilateral business platform, the forum aims to foster dialogue and greater collaboration between Singapore and Chinese companies.

An agreement between SP Group and the Municipal Government of Dezhou City, Shandong Province has been signed to reduce pollution and develop renewable energy. SP Group promises to build Photovoltaics power stations to support the replacement of old growth drivers in Dezhou.

Public service operation enterprise Shanghai E&P International Inc will collaborate with Singapore-based CrimsonLogic, letting merchants and logistics service providers in China export to ASEAN countries such as Vietnam, Malaysia and Singapore easier. This collaboration is significant in strengthening trade and investment ties between the two countries and with the greater Yangtze River Delta region.

Other collaborations such as promoting the digital transformation of the music education industry, the cultural understanding between local and international students and online growth partners for consumer goods in China have all been signed at the SCTIF.

In 2021, more than SGD 1.3 million in MoU value was achieved by nine Singapore companies during the three-day customized business matching sessions.

"This year SBF is leading the largest delegation, with 50 exhibitors, to take part in the CIIE since the pandemic. We hope that through our business matching services provided by our partners this year, Bank of China Singapore Branch and China Construction Bank Singapore Branch, more Singapore exhibitors can establish collaborations with potential business partners from China through CIIE," said Annie Wang, Executive Director, Global Division 2, Singapore Business Federation.

"We have full confidence that the 5th CIIE will bring fruitful outcomes to Singapore enterprises. We trust that Singapore enterprises' interest and investment in the Chinese market will continue to grow favorably," Wang added.


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