SINGAPORE - Singapore aims to deepen collaboration with China's Guangdong province in several key areas, including in financial services, talent exchange and aviation.
Mr Ong told the meeting there was scope for Singapore and Guangdong to work together in green finance, fintech, disaster risk insurance and Reits structuring. On the sidelines of the meeting, Mr Ong told reporters that the quota of seats on flights under the fast lane arrangement - including 500 seats across two flights per week between Singapore and Guangdong's capital Guangzhou - was"very underused".
For example, local medical technology start-up Star3D Material Development Company signed a memorandum of understanding with the Sino-Singapore Guangzhou Knowledge City Investment and Development Co to further develop and commercialise the use of dental 3D technology in China. In 2019, bilateral trade between Singapore and Guangdong grew 1.9 per cent year-on-year to reach US$19 billion . In the first half of 2020, bilateral trade reached US$8.06 billion.