
SG, Shanghai deepen bilateral trade

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Bilateral trade between Singapore and Shanghai increased by 5.4% year-on-year in the first half of 2025. Singapore has over 6,800 projects in Shanghai, totaling more than $34 billion, while Shanghai companies have over 600 projects in Singapore, with investments exceeding $10.9 billion. OCBC Bank signed a Memorandum of Understanding with Shanghai fintech firm XTransfer to enhance cross-border financial solutions for international trade and will also collaborate with Shanghai Urban Construction International to expand its market presence in Singapore and other regions.
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