Enterprise Singapore has announced that the 4th Singapore-Shanghai Comprehensive Cooperation Council ("SSCCC") meeting took place in Singapore on 24 April 2023.
Established in 2019, SSCCC serves as a pivotal platform in developing deeper ties between Singapore and Shanghai, as well as between Singapore and the broader Yangtze River Delta region.
At the meeting attended by Singapore and Chinese officials and business representatives, the participants agreed to enhance bilateral cooperation in digital and green economies and deepen strong partnerships in financial services and innovation. The leaders also reaffirmed their commitments to the global climate change agenda and agreed to explore more substantive partnerships in sustainability. For example, Singapore intends to work with Shanghai to facilitate greater cross-border green and transition finance to support the region's transition, and to pilot green and digital solutions in improving global maritime supply chains.
A total of 15 agreements, comprising 14 Memoranda of Agreement ("MOUs") and one Letter of Intent ("LOI"), were signed at the meeting, covering areas such as people-to-people exchanges, financial services, technology and innovation, as well as emerging areas such as digital economy. These MOUs and LOI include, amongst others, the following:
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Partners |
Purpose |
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Singapore Business Federation (SBF) – China International Import Expo Bureau (CIIEB)
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Collaboration on Singapore's participation in the 6th China International Import Expo
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Maritime and Port Authority (MPA) - Shanghai Maritime University |
Collaboration on maritime talent and knowledge exchange |
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OCBC Bank - UnionPay International |
Collaboration on digital payments |
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Singapore Exchange (SGX) – Shenwan Hongyuan Securities
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Collaboration in equities derivatives, FICC and equities-related business
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Ministry of Health (MOH) – Shanghai Municipal Health Commission
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Cooperation in healthcare
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Singapore Tourism Board (STB) – Shanghai Municipal Administration of Culture and Tourism
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Promotion of tourism exchanges and cooperation
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Infocomm Media Development Authority (IMDA) and Shanghai Municipal Commission of Economy and Informatization
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Collaboration in digital economy
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CrimsonLogic – Shanghai Data Group
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Cooperation to enhance cross-border flow of goods through digitalisation |
