Singapore firms seeking growth could tap Chongqing's bubbling potential

ONE year on since its formation, the Chongqing Connectivity Initiative between China's largest municipality and Singapore is starting to percolate.

When Prime Minister Lee Hsien Loong met President Xi Jinping on the sidelines of the September 2016 G-20 summit, the subsequent communique signalled both countries' desire for the Chongqing Connectivity Initiative (CCI) to be a "new highlight of bilateral cooperation".

Launched in November 2015 when Mr Xi visited Singapore, it aims to further drive connectivity between the city state and the municipality, particularly in financial services, aviation, transport, logistics, and information and communication technology (ICT).