SBF says SMEs' interest in Chongqing and Western China remains high

THE Singapore Business Federation (SBF) is leading another business delegation to Chongqing, its third to the south-western Chinese city to date.

The business mission, which began on Tuesday and will continue until Friday, comprises 35 people from 25 companies.

It is held in conjunction with the official visit of Chan Chun Sing, Minister in the Prime Minister's Office, to Chongqing this week.

Chongqing is where the third joint project - the Chongqing Connectivity Initiative (CCI) - between Singapore and the Chinese city is sited.

The CCI is the third government-to-government (G2G) project between Singapore and China, with the other two being the Suzhou Industrial Park and Tianjin Eco-City.

The CCI aims to help drive growth in China's less developed western region by improving Chongqing's transport and services links to the region and beyond.

The project's focus is on finance, aviation, transport and logistics, and information and communications technology.

In a statement issued on Monday, SBF said this latest mission will enable participants to obtain in-market business insights from key government officials and industry experts in Chongqing.

They will also benefit from "potential collaboration opportunities" with local partners through business networking and business matching sessions.

During their stay in Chongqing, the participants will meet Chongqing local government officials and enterprises to develop better understanding of the city's business environment, particularly the latest trends in ICT and financial development, logistics and supply chain management.

The SBF will also organise a trade and investment promotion seminar together with the CCI Administrative Bureau, with an expected turnout of about 100 people from Singapore and Chongqing.

During the seminar, Mr Chan will talk about the importance of CCI to foster closer collaboration between both sides.

Leaders from Chongqing districts and industrial parks will share with Singapore businesses the latest projects, incentives, and partnership opportunities available.

In addition, a business matching session will encourage interaction and project discussion between Singapore and Chongqing businesses.

SBF chairman Teo Siong Seng noted that the active participation of small and medium-sized enterprises from Singapore was a signal that their interest towards the CCI and Western China remains high.

"There are numerous opportunities to explore as well as to and for our business community to contribute to this G2G initiative," he said.

One of the participants is SP Group's chief executive officer Wong Kim Yin, who said that his company is working with CapitaLand to design, build and operate an energy-efficient district cooling system for Raffles City Chongqing.

"It is expected to save the development 50 per cent in energy consumption. We draw on our experience at Singapore's Marina Bay district, running the world's largest underground district cooling system that serves major commercial, hospitality and leisure establishments," he said.