12 March 2019 – Representatives from companies that operate in both sides of Chongqing and Singapore met with government officials from the Chongqing Municipal Government to discuss challenges in the course of doing business cross-border. This meeting aims to discuss business issues and possible solutions.
More and more multinationals and SMEs expand their businesses cross-border under the Chongqing Connectivity Initiative (CCI), the third government-to-government project between Singapore and China, which was set up in Nov 2015. Four priority sectors identified for joint development under CCI are financial services, aviation, transport and logistics and Information and Communications Technology (ICT).
This meeting is hosted by Mr Qi Xiao Feng, Deputy Director, Chongqing Connectivity Initiative Bureau.
Other representatives from Chongqing include Mr Deng Hui Lin, Deputy Mayor of Chongqing Municipal Government; Mr Qi Xiao Feng, CCIB Deputy Director; Mr Pang Li Qiang, Municipal Public Security Bureau Criminal Investigation Corps Political Commissar; Mr He Qiang, Director of Chongqing Public Security, Chengdu Railway Public Security Bureau. Also in the meeting are representatives from Municipal Government Port Logistics, Municipal Public Security Bureau, CCIB, YuXinOu Railway.
The Singapore based companies in Chongqing that have their representatives present are from WiseNet Asia, YCH Group, City Developments Ltd, Vibrant Group Ltd., Fooyo, Business China, FinTech Association.
The Chongqing based companies in Singapore that have their representatives present are from Chongqing International Trade Group, Zomwork, Xinyi Jimao, Shybuild, Dawn Group, Quanneng Pharmaceutical, Singapore Chinese medicine industry，Rong Teng Technology (Nova), Perfect International School, SECC Holdings, Meridian Industries.
The Singapore companies’ feedback on challenges they are facing in doing business in Chongqing, some of these include work permit validity for 1 year, which can be a hassle to renew yearly. Other areas where the participants requested for improvements include local corporate governance with better clarity, clearer defined legal protection for overseas companies’ investment and joint ventures.