UOB latches onto 500m yuan in Asean-Chongqing investment flows
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Singapore
UNITED Overseas Bank (UOB) said on Wednesday its China arm has facilitated cross-border investments of more than 500 million yuan (S$102 million) between Chongqing and South-east Asia since the start of this year. Close to 90 per cent was investment flows between Chongqing and Singapore.
The number of companies that UOB's Chongqing branch has worked with in the last seven months rose by 35 per cent. Most come from the automotive manufacturing, trading and services, and infrastructure sectors.
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