Under the MOU, the trio will provide “comprehensive financial solutions” that support the internationalisation of Chinese enterprises, especially in sectors aligned with the green transformation. These include cross-border trade financing, investment banking, and advisory services tailored to the Belt and Road initiative.
United Overseas Bank (UOB), Hengfeng Bank and Shangao Holdings Group have signed a tripartite memorandum of understanding (MOU) to collaborate in green development and infrastructure. The signing took place on Sept 17, at the opening ceremony of the 2025 Singapore-Shandong Week held at Marina Bay Sands (MBS).
Shandong-headquartered Hengfeng Bank is a leading commercial bank in the country with an active role in transaction banking and cross-border initiatives. Shangao Holdings, a subsidiary of Shandong Hi-Speed Holdings Group, focuses on industrial investments in new energy and infrastructure in China and overseas.
