On April, 12th, Mr. GuJianzhong, Vice President of SIG, Mrs. Ma Haiyan, SIG director, with other delegation members, attended opening ceremony of the Singapore Branch of Shanghai Pudong Development Bank (SPD Bank).

Under the strong support of competent authorities and SIG, and also thanks to the close cooperation and all-around preparation of relevant institutions, the opening of Singapore Branch of SPD Bank was officially approved by the Monetary Authority of Singapore on March 21st. As the first foreign branch of SPD Bank, Singapore Branch will put its emphasis on clients from the mainland China to help with their Going Global Strategy, local enterprises in Singapore as well as multinational companies, and, by doing so, to echo with the One Belt, One Road Initiative, while also function as the bridge between SPD Bank and its clients to explore the South-east Asia.

During the visit to Singapore, delegation members from SIG attended the opening ceremony of the Singapore Branch, listened to the business-opening operation report, especially on its fundamental conditions concerning system development, risk and compliance management as well as its operational condition during the trial-run period; the delegation also visited the Monetary Authority of Singapore, attended the Third Session of Singapore-Shanghai Financial Forum, conducted surveys at Development Bank of Singapore and a local business incubator for Sci-tech innovation startups.

Delegation members of the visit also include heads of the Investment Management Department and Financial Management Department.