: Singapore and Shanghai deepen collaboration in digital economy, financial services and innovation
MR No.: 042/25
Bilateral trade between Singapore and Shanghai rose by 5.4% year-on-year in the first half of 2025. On the investment front, Singapore recorded cumulatively over 6,800 projects in Shanghai, amounting to more than US$27 billion as of end June 2025. Correspondingly, Shanghai companies have more than 600 projects in Singapore, with cumulative investments reaching over US$8.5 billion.
Mr Edwin Tong, Minister for Law and Second Minister for Home Affairs, co-chaired the 6th Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) meeting in Shanghai today with Mr Gong Zheng, Mayor of Shanghai. Vice Co-Chairmen Ms Low Yen Ling, Senior Minister of State for Trade and Industry & Culture, Community and Youth, and Ms Xie Dong, Vice Mayor of Shanghai, also attended the SSCCC alongside about 150 officials and business representatives from Singapore and Shanghai.
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