23 April 2014
MOVES are being made to deepen economic ties between Singapore and China’s southern province of Guangdong, with the opening of a local representative office for the Sino-Singapore Guangzhou Knowledge City project.
The office was unveiled yesterday by provincial capital Guangzhou’s vice-mayor Chen Zhiying and Singbridge Corporate chief executive Chong Phit Lian. Singbridge is the co-master developer and investor in the project.
Mr Chin Phei Chen, chief executive officer of Guangzhou Knowledge City Investment and Development Co (GKC Co), said the representative office will help to promote investments, conduct research and explore opportunities for collaboration.
“Strategically, the Singapore Representative Office would help deepen existing collaboration between Singapore and Guangdong,” he said.
“It also makes commercial sense due to Singapore’s vantage position as Asia’s gateway for knowledge-based industries and the availability of a large and steady supply of talent.”
Set to transform Guangdong’s economy, the Knowledge City is being developed as a vibrant and sustainable city aimed at attracting talent and industries ranging from IT to pharmaceutical, science and education.
It will be ready to receive its first batch of corporations by next year, said Mr Chin.
The unveiling came after GKC Co signed four memorandums of understanding and one agreement with Singapore on Monday to strengthen Sino-Singapore strategic collaboration. It was witnessed by Transport Minister Lui Tuck Yew and Guangdong party secretary and Politburo member Hu Chunhua, who was in town for an official visit.
Mr Hu, a rising star of the Chinese Communist Party, also called on Prime Minister Lee Hsien Loong at the Istana, before ending his trip yesterday.
Speaking at a Sino-Singapore conference here on Monday, Mr Hu had called for the building of the Knowledge City to be sped up.
“Guangdong will create favourable conditions to speed up the construction of the project, making it a model of cooperation of the two countries,” he said.