The China-Singapore Suzhou Industrial Park (Suzhou Industrial Park) was launched as the first government-to-government project between the Singapore and China. It is the most competitive industrial park today, ranking first amongst China’s Economic and Technological Development Zones for the past 3 years, and boasts a modern township allowing residents to work, live and play.
A hallmark of Singapore-China bilateral relations, the SIP will continue to be a platform through which both countries pilot new areas of collaboration. In 2014, with approval from the People’s Bank of China (PBC), the SIP began conducting cross-border RMB transactions in a move to strengthen financial cooperation. Going forward, bilateral cooperation in the SIP will move beyond economic development and investment promotion to include internationalisation of Chinese companies through SIP, promoting innovation and entrepreneurship, and deepening people-to-people exchanges to generate new areas of cooperation.
Since 2007, The Singapore-Jiangsu Cooperation Council has deepened Singapore’s economic engagement with Jiangsu, creating bilateral trade and investment opportunities. Over the years, the key areas of cooperation under the SJCC have constantly evolved to match mutual needs. Indranee Rajah, Minister in the Prime Minister’s Office and Second Minister for Education and Finance, and Wu Zhenglong, Jiangsu Governor, are the Co-Chairmen of the Council. Dr Koh Poh Koon, Senior Minister of State for Trade and Industry and Mr Guo Yuanqiang, Jiangsu Vice Governor, are the Vice Co-Chairmen of SJCC.
The Singapore-Nanjing Special Projects Cooperation Panel was established in 2012, and was the first municipal-level panel between Singapore and a Chinese city. Dr Koh Poh Koon, Senior Minister of State for Trade and Industry and Nanjing Mayor Lan Shaomin are the Co-Chairmen of the platform. This platform helps to advance Singapore and Nanjing’s cooperation in areas such as trade and investment, innovation and cultural exchanges, economic, investment and cultural ties.
The Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) was established on 29 April 2019. Lawrence Wong, Minister for National Development and Second Minister for Finance, and Shanghai Mayor Ying Yong are the Co-Chairmen, while Senior Minister of State for Law and Health Edwin Tong and Shanghai Vice-Mayor Xu Kunlin are the Vice Co-Chairmen.
The SSCCC aims to deepen bilateral cooperation between Singapore and Shanghai and enhance connectivity between both markets. It marks Shanghai’s first comprehensive institutionalised platform with a foreign country.
The SSCCC will focus on six key areas, namely:
The Singapore-Zhejiang Economic & Trade Council (SZETC) was established on 18 November 2003. Sim Ann, Senior Minister of State, Ministry of Culture, Community and Youth & Ministry of Trade and Industry, and Zhu Congjiu, Zhejiang Vice Governor, are Co-Chairmen of the Council. The Council aims to promote economic exchanges and cooperation between Zhejiang Province and Singapore, and is made up of government and private sector representatives from Singapore and Zhejiang.