Shanghai, Singapore deepen ties with 18 cooperation pacts
Shanghai and Singapore signed 18 cooperation agreements during the sixth Singapore-Shanghai Comprehensive Cooperation Council meeting held on Oct 15 in Shanghai.
The agreements cover a wide range of areas, including Belt and Road cooperation, financial collaboration, technological innovation, digital economy, urban governance, and people-to-people exchanges.
The event also marked the launch of the 2025 Singapore-Shanghai Culture Week.
Shanghai Mayor Gong Zheng, who co-chairs the SSCCC, emphasized the strong partnership between the two cities since the council's founding in 2019.
"Since the establishment of the SSCCC in 2019, Shanghai and Singapore have worked closely together, building a solid bridge of win-win cooperation and friendship," he said.
Gong expressed hope that both sides would further strengthen economic and trade ties, enhance financial opening-up and cooperation, promote mutual empowerment in science and technology, deepen cooperation in the digital economy, green development, and professional service industries, build a beautiful and livable city, and enrich the connotation of cultural exchanges.
Edwin Tong, Singapore's minister for law and second minister for home affairs and the council's co-chair, noted that this year marks the 35th anniversary of diplomatic relations between Singapore and China.
He said that as global hubs for finance and innovation, Shanghai and Singapore can further expand collaboration in digital utilities, financial services, technological innovation, and urban renewal.
Among the key agreements signed was a historic collaboration between the Shanghai Symphony Orchestra and the Singapore Symphony Orchestra, their first-ever partnership.
Under the agreement, the Shanghai Symphony Orchestra will perform in Singapore in March 2026 as part of its Asia-Pacific tour, while the Singapore Symphony Orchestra will perform at the Jaguar Shanghai Symphony Hall in October 2026, according to Zhou Ping, president of the Shanghai Symphony Orchestra.
DBS Bank signed an MOU with Guotai Haitong Securities to strengthen cooperation in wealth management, capital markets, and financial markets, including their subsidiaries in Hong Kong and Singapore.
"We are honored that in the merger of Guotai Junan Securities and Haitong Securities, we served as the financial advisor for Haitong Securities' overseas H-shares," said Zheng Sizhen, CEO of DBS Bank (China) Limited
Tan Keng Hwee, managing director and head of corporate banking China at OCBC Bank, emphasized the bank's role in helping Shanghai-based companies expand into Singapore and across ASEAN.
Tan, who resides in Shanghai, praised the city as a dynamic hub connecting diverse companies.