According to DBS, the partnership aims to help Chinese enterprises internationalise their businesses, strengthen supply chains in the region, encourage job creation and accelerate sustainable development.
DBS Group Holdings (DBS) announced, on Oct 7, that it had signed a memorandum of understanding (MOU) with the China Council for the Promotion of International Trade (CCPIT), to boost foreign investment and trade between China, Singapore and Asean.
CCPIT was founded in 1952 under China’s Ministry of Commerce. It plans and implements strategies that foster trade, investment, economic and technology cooperation between China and the region, the announcement states.
