“Geopolitics and escalating tensions between China and the West have led to an increased interest and motivation for China’s private companies to look to the rapidly growing economies in Southeast Asia for making their investments,” said Hew, adding that Singapore has long positioned itself as a springboard for such investments into the region.
Singapore’s two largest law firms are expanding in China, banking on a trend of Chinese companies venturing overseas even as some of their global peers pull back from the world’s second-largest economy.
Rajah & Tann Asia is set to open a representative outpost with an initial 10 lawyers in Qianhai, Shenzhen in October, head of the Shenzhen office Hew Kian Heong said by phone. The office in the Chinese tech hub will focus on international arbitration as well as construction, technology, media and telecoms.
