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Suzhou Industrial Park Administrative Committee, UOB China and UOB Kay Hian sign MOU

Goola Warden
Goola Warden • 1 min read
Suzhou Industrial Park Administrative Committee, UOB China and UOB Kay Hian sign MOU
Suzhou Industrial Park Administrative Committee, UOB China and UOB Kay Hian sign MOU to foster cross border investment
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Suzhou Industrial Park Administrative Committee (SIPAC), UOB (China), and UOB Kay Hian signed a Memorandum of Understanding (MOU) on Oct 15, at the China-Singapore Investment Forum. Under the MOU, the three parties aim to provide innovative cross-border investment, financing and trade solutions, including green financing to businesses in key focus areas actively promoted by the Suzhou Industrial Park (SIP). These areas include telecommunications technology, biomedicine, high-end manufacturing.
SIPAC, UOB Kay Hian and UOB China agreed on a strategic partnership to boost development in advanced industrial clusters and to deepen Sino-Singapore cooperation.
According to the MOU, UOB Kay Hian will also set up a wholly-owned securities company at the SIP. Upon receiving the required regulatory approvals and licences, the securities company will offer investment banking services, including cross-border financing, and advisory for initial public offerings and mergers and acquisitions, for enterprises based at the SIP and in the Yangzte River Delta area.
See also: UOB to ride Asean recovery in 2022, NIM expansion in 2023: UOB Kay Hian

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