S'pore-Chongqing connectivity project making speedy progress: Chun Sing

Chongqing, China

LESS than 10 months after its launch, the third bilateral project between Singapore and China has sealed cross-border renminbi financing deals worth more than US$6 billion - and counting.

These are mainly bond issuances and loans, said Minister in the Prime Minister's Office Chan Chun Sing on Thursday. He added that being able to hit this amount in a relatively short time bodes well for the long-term future of the Chongqing Connectivity Initiative (CCI).

Speaking to reporters after co-chairing the second joint implementation committee meeting with the city's mayor Huang Qifan, Mr Chan described the progress in financial services as merel…