Surbana Jurong signs MOU with China Construction Bank to pursue infrastructure projects in China
Singapore, 14 September 2018 – China Construction Bank Corporation Singapore Branch (“CCBSB”) celebrated its 20th anniversary of establishment here in Singapore. The Group Chairman and Executive Director, Mr Tian Guoli, was in Singapore to celebrate this historic milestone.
CCBSB currently operates with a wholesale banking license and has around 80 employees in Singapore. Besides offering corporate banking and trade finance, investment banking, financial market and private banking services, the Branch also serves as a regional centre for six other countries including India, Pakistan, Brunei, Myanmar, Laos and Cambodia.
In conjunction with the Anniversary celebration, CCB also signed four Strategic Cooperation MOUs with Surbana Jurong Private Limited (Surbana Jurong), National University of Singapore, CITIC Envirotech Ltd and Credit Suisse (Singapore) Ltd respectively.
Mr Heng Swee Keat, Minister for Finance and His Excellency Mr Hong Xiaoyong, Chinese Ambassador in Singapore, graced the ceremony as Guest-of-Honours.
Surbana Jurong and CCB strategic cooperation
Mr Wong Heang Fine, Group CEO, Surbana Jurong signed the MOU with Mr Mu Naimi, Chief Operating Officer, China Construction Bank, witnessed by Mr Liew Mun Leong, Chairman, Surbana Jurong and Mr Tian Guoli, Chairman and Executive Director, CCB.
Under the MOU, CCB will actively partner with Surbana Jurong, one of the largest Asia-based urban and infrastructure consulting firms, to jointly develop business opportunities arising from the Belt and Road Initiative, and provide industry leading servicesto clients in the Asia-Pacific region on possible infrastructure construction projects.
Surbana Jurong will contribute its expertise in master planning and design, engineering, project development and management across the urban, industrial and infrastructure sectors. CCB will provide its deep experiences in providing financing solutions across a wide range of areas including public-private partnership projects, fixed asset, real estate development, housing lease, technical modification, as well as construction and development financing.
National University of Singapore and CCB strategic cooperation
Professor Andrew Wee, NUS Vice President (University and Global Relations), signed the cooperation agreement with Mr Mu Naimi, Chief Operating Officer, China Construction Bank, witnessed by NUS President Professor Tan Eng Chye, , and Mr Tian Guoli, Chairman and Executive Director, CCB.
Under the agreement, the parties will cooperate in the areas of professional training, research projects, academic exchange, curriculum development, sharing resources and cooperative teaching.
Citic Envirotech Ltd – CCB Singapore strategic cooperation
Mr Hao Weibao, Chairman and Group CEO, CITIC Envirotech Ltd, signed the MOU with Ms Ren Dongyan, General Manager, CCB Singapore Branch, witnessed by Mr Cai Xiliang, Deputy General Manager of CITIC Group and Mr Tian Guoli, Chairman and Executive Director, CCB.
Under the MOU, CCB Singapore will provide a full suite of financial services to Citic Envirotech in the region.
Credit Suisse (Singapore) Ltd – CCB Singapore strategic cooperation
Mr Benjamin Cavalli, CEO Singapore, Credit Suisse signed the MOU with Ms Ren Dongyan, General Manager, CCB Singapore Branch, witnessed by Mr Tian Guoli, Chairman and Executive Director, CCB.
Under the MOU, both parties will jointly identify areas of joint interest in the field of international private banking products and investment solutions.
For media enquiries and/or event photos, please visit www.ccb.com.sg
About China Construction Bank Corporation
China Construction Bank Corporation (“CCB” or “the Bank”), headquartered in Beijing, is a leading large-scale joint stock commercial bank in Mainland China, and began operations in October 1954 as China Construction Bank. The Bank was listed on Hong Kong Stock Exchange in October 2005 (stock code: 939) and listed on the Shanghai Stock Exchange in September 2007 (stock code: 601939).
At the end of 2017, the Bank’s market value reached US$232.898 billion, ranking fifth among listed banks in the world. The Bank ranked second in the “Top 1000 World Banks” in 2017 in terms of total tier-one capital according to the UK magazine The Banker.
With 14,920 branches and sub-branches, CCB has 352,621 employees and provides services to millions of personal customers and corporate clients. It cooperates closely with the leading enterprises in strategic industries across the Chinese economy and provides services to a large number of high-end customers. CCB owns more than 200 overseas branches of all levels in 29 countries and regions around the world. The Group’s subsidiaries cover multiple business areas, such as mutual funds, financial leasing, trust, life insurance, property insurance, investment banking, futures and pension.
China Construction Bank Corporation, Singapore Branch commenced operations in March 1998 and was issued a wholesale banking licence by the MAS on 9 July 2010. It offers various financial services and products to Singapore companies as well as medium to large Chinese companies, in the areas of corporate banking, trade finance, financial markets, investment banking, private banking business and other financial services.
Visit www.ccb.com for more information.