Media Releases
Published Date: 30 November 2016

2nd Shanghai-Singapore Financial Forum Reaffirms Financial Collaboration

Singapore, 30 November 2016… The Monetary Authority of Singapore (MAS) and Shanghai Municipal Financial Services Office (Shanghai FSO) held the 2nd Shanghai-Singapore Financial Forum (SSFF) in Shanghai today. The SSFF is a regular platform to deepen cooperation between the two financial centres and to facilitate collaboration between industry participants from Singapore and Shanghai.

2     In line with the theme “Shanghai and Singapore – A Partnership for a New Asian Financial Landscape”, Forum participants discussed new change-drivers in Asia’s financial landscape and opportunities for Shanghai and Singapore to forge a stronger partnership ahead. The panel sessions focused on cross-border collaboration in the areas of Renminbi internationalisation, China’s Belt-and-Road initiative, infrastructure and project financing, and financial technology.

3     Ms Jacqueline Loh, Deputy Managing Director of MAS, said, “We are pleased to partner the Shanghai FSO to deliver a successful second edition of the SSFF. The Forum has emerged as an important platform, and signifies Shanghai and Singapore’s commitment to financial cooperation. The topics conferred on today were relevant and timely, and we look towards deepening our partnership with Shanghai to develop and strengthen our financial markets.”

4     In his keynote address, Mr Zheng Yang, Shanghai FSO Director-General, said, “Under a growing bilateral economic and trade relationship between China and Singapore, significant progress has been made in the collaboration between the financial sectors in Shanghai and Singapore. In November last year, Shanghai FSO and MAS co-organised the Singapore-Shanghai Financial Forum; a new platform to strengthen financial cooperation between Singapore and Shanghai. I believe that the continuation of this Forum will cultivate closer interactions between Asia’s two major financial centres in terms of knowledge sharing, common understanding and increased collaboration so as to realise mutual benefit.”