HSBC and the Singapore Business Federation (SBF) have signed a Memorandum of Understanding (MoU) to help Singapore businesses explore growth opportunities in key trade corridors such as the Greater Bay Area, India and the Middle East.
This agreement: HSBCoffers a global network and a range of solutions to support local businesses in their sustainable transition and international expansion.
HSBC will help businesses deepen their sustainability knowledge and support their net-zero transition needs.
As part of this effort, HSBC Your business guide to ASEAN and beyondIt provides insights into doing business across ASEAN’s six major markets and key trade corridors.
The guide aims to help local businesses seize new opportunities overseas, leveraging HSBC’s region-wide product capabilities and market expertise, as well as global connectivity.
The MOU is in line with Singapore’s goal of strengthening regional and international ties for local businesses.
Through its network, SBF focuses on promoting internationalization, sharing knowledge on sustainable finance, and expanding regional and global connectivity.
HSBC and SBF will be organising seminars on doing business in key markets, as well as mission trips to India and the Middle East, to provide valuable insights and resources to Singapore’s business leaders.
Mr Kok Pin Soon, CEO of the Singapore Business Federation, said:
“We are pleased to work with HSBC to help more Singapore businesses expand their operations into India and the Middle East.
Both markets offer growth opportunities such as component manufacturing, semiconductors, automotive manufacturing (especially electric vehicle solutions) and clean energy in India, and urban infrastructure solutions, energy, renewables and fintech in the Middle East.”
Wong Kee-ju, CEO of HSBC Singapore, said:
“HSBC’s Business Guide to ASEAN and Beyond has been developed with both local and international businesses in mind – specifically, to help them seize the opportunities in the growing trade corridor by sharing market insights and key data to guide their expansion successfully.”
“SBF has a long history of promoting and supporting businesses here, making them the ideal partner for us to dive deeper into the ecosystem and deepen our support for companies taking their first steps to grow beyond Singapore.”
Featured Image Credit: Free Pick
