SINGAPORE (April 12): UOB (China) today signed two memoranda of understanding (MOUs) at the third Singapore-Shanghai Financial Forum themed “Strengthening Singapore-Shanghai Collaboration in a Changing Financial World Order”, at Marina Mandarin Singapore.

While the first MOU was signed with Shanghai-based infrastructure construction company SUCG International (SUCGI), a wholly-owned subsidiary of Shanghai Tunnel Engineering, the second partnership was established with Nufin Data, a Singapore-based financial technology (fintech) firm wholly-owned by JK Tech Group.

In a Wednesday press release, UOB says that both agreements aim to boost cross-border opportunities between Singapore and China, and come “on the back of the strong trade and investment flows between China and Southeast Asia, which are targeted to reach US$1 trillion ($1.4 trillion) and US$150 billion respectively by 2020”.

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