19 Mar 2018 – A notable mention of WiseNet Asia by Minister in the Prime Minister’s Office Chan Chun Sing in Parliament on Monday (Mar 19), on the progress of the Chongqing Connectivity Initiative. This was in response to questions from MP Sun Xueling.
View Minister Chan Chun Sing’s speech transcript in Parliament: (No 6) – https://www.mti.gov.sg/Newsroom/Parliamentary-Replies/2018/03/MinisterPMO-Chan-Chun-Sings-oral-reply-on-the-Chongqing-Connectivity-Innitiative-Project
Since its launch in Nov 2015, the China-Singapore (Chongqing) Demonstrative Initiative on Strategic Connectivity (CCI) has made good progress in catalysing the economic development of Western China and Southeast Asia by enhancing connectivity in the areas of financial services, aviation, transport & logistics, and information and communications technology (ICT).
The key milestones to date are as follow:
- Cross-border financing deals totalling RMB 25.3 billion (around SGD 5.2 billion) have been completed to date
- Aviation connectivity from 5 flights to 14 flights per week
- The CCI-Southern Transport Corridor (CCI-STC) project enhancing multi-modal connectivity between Western China, Southeast Asia and to the rest of the world. The CCI-STC has been referred to by China’s President Xi Jinping as the international land and sea corridor that connects the overland Silk Road Economic Belt with the 21st Century Maritime Silk Road
- CCI is about enhancing connectivity in both sides. As cross-border trade activities increase, demand for related services like finance, legal and other professional services will also increase. These in turn, create more opportunities for our businesses and our people. For instance, WiseNet Asia has also entered Chongqing to provide HR recruitment services.