Fuelling and facilitating financial flows
In the fifth of a six-part BT-Lianhe Zaobao series on China capital flows to Asean, we look at what draws financial institutions from China to Singapore and their plans for the region
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Singapore
CHINESE-funded financial institutions (FIs) have existed in Singapore since the 1930s, serving Chinese immigrants who were sending money home to their families in China.
The Bank of China (BOC) was the first bank from China to set up a branch in Singapore, even taking on the role of a diplomatic bureau in the early days, providing consular services such as issuing visas for visitors to China.
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