UOB and Shanghai Gold Exchange sign MOU to enhance cross-border cooperation

Quick Summary:

This year, Singapore convened the 20th JCBC meeting on 11 November 2024, co-chaired by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong and Member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and Vice Premier of the State Council Ding Xuexiang.

As the only bank offering physical gold products in Singapore, coupled with our extensive ASEAN footprint, UOB is well positioned to connect our customers to gold markets both across the region and within China".

Under the MOU, both parties will actively respond to the Belt and Road initiative and conduct strategic cooperation in ASEAN gold markets, leveraging the advantage of China’s gold supply chain to connect production capacity and demand.

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Article Details

Author / Journalist: Advertising partner

Category: Business

Markets: Hong KongChinaSingapore

Topics: Gold Bank Cooperation Deputy Chairman Asean Bilateral Markets Singapore Products China

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 14:00:23 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23650745

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