UOB, Hengfeng Bank, Shangao Holdings ink MOU for Chinese firms’ overseas expansion
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UOB has signed a memorandum of understanding with Hengfeng Bank and Shangao Holdings to enhance cooperation in green development and infrastructure. The partnership aims to provide financial solutions, including cross-border trade financing and investment banking, to support Chinese firms' overseas expansion, particularly in green sectors. This agreement was made during the 2025 Singapore-Shandong week at Marina Bay Sands, with key representatives from all three organizations present.
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