Chinese companies raise 8 bln USD through China-Singapore program

[TaiShang]

Chinese companies raise 8 bln USD through China-Singapore program

CGTN

Chinese firms have raised around 8.5 billion U.S. dollars in cross-border financing deals through a China-Singapore inter-government program over the past three years.


The deals involve various financing channels such as international commercial loans, real estate investment trust and foreign debt, according to Han Baochang, director of the program's administration bureau based in Chongqing Municipality on Tuesday.

The program has effectively reduced financing costs for businesses in western regions, including Chongqing, provinces of Sichuan, Shaanxi and Qinghai, Xinjiang Region and Guangxi Region.

Chongqing became the operation center of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity in 2016.

The initiative aims to pilot cooperation in fields, including financial services, aviation, logistics and information technology.

A China-Singapore land-sea trade corridor, jointly built by provinces in west China and ASEAN countries under the framework of the initiative, has linked 155 ports in 71 countries and regions worldwide, better connecting the Silk Road Economic Belt and the 21st-Century Maritime Silk Road.

With Chongqing as the transportation hub, the corridor uses ports in Guangxi's Beibu Gulf to reach ports in Singapore and other ASEAN countries and links China-Europe freight trains launched from many cities in west China before heading for Central Asia, South Asia and Europe.

It is the third such deal between the two countries, following the Suzhou Industrial Park established in the eastern province of Jiangsu in 1994, and the Tianjin Eco-city inaugurated in north China in 2008.

China and Singapore have also strengthened innovative cooperation in financial sectors. Under the China-Singapore initiative, an investment fund valued at 100 billion yuan (around 15 billion U.S. dollars) was jointly established.

https://news.cgtn.com/news/3d3d674d7867444f31457a6333566d54/share_p.html

 

[sinait]

Chinese companies raise 8 bln USD through China-Singapore program

CGTN

Chinese firms have raised around 8.5 billion U.S. dollars in cross-border financing deals through a China-Singapore inter-government program over the past three years.


The deals involve various financing channels such as international commercial loans, real estate investment trust and foreign debt, according to Han Baochang, director of the program's administration bureau based in Chongqing Municipality on Tuesday.

The program has effectively reduced financing costs for businesses in western regions, including Chongqing, provinces of Sichuan, Shaanxi and Qinghai, Xinjiang Region and Guangxi Region.

Chongqing became the operation center of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity in 2016.

The initiative aims to pilot cooperation in fields, including financial services, aviation, logistics and information technology.

A China-Singapore land-sea trade corridor, jointly built by provinces in west China and ASEAN countries under the framework of the initiative, has linked 155 ports in 71 countries and regions worldwide, better connecting the Silk Road Economic Belt and the 21st-Century Maritime Silk Road.

With Chongqing as the transportation hub, the corridor uses ports in Guangxi's Beibu Gulf to reach ports in Singapore and other ASEAN countries and links China-Europe freight trains launched from many cities in west China before heading for Central Asia, South Asia and Europe.

It is the third such deal between the two countries, following the Suzhou Industrial Park established in the eastern province of Jiangsu in 1994, and the Tianjin Eco-city inaugurated in north China in 2008.

China and Singapore have also strengthened innovative cooperation in financial sectors. Under the China-Singapore initiative, an investment fund valued at 100 billion yuan (around 15 billion U.S. dollars) was jointly established.

https://news.cgtn.com/news/3d3d674d7867444f31457a6333566d54/share_p.html

Way to GO.
China and Singapore.
China - China Taipei Program, Coming Soon.
.

 

[Viet]

Way to GO.
China and Singapore.
China - China Taipei Program, Coming Soon.
.

Off topic. Singapore asks for S$2.5 million in exchange for a permanent residency card. Why so much? I remember Singapore was cheaper with S$1 million.

 

[Mista]

Off topic. Singapore asks for S$2.5 million in exchange for a permanent residency card. Why so much? I remember Singapore was cheaper with S$1 million.

Isn't it always S$2.5m for the Global Investor Programme scheme? You probably mistook it for other schemes, which I think has been scrapped.

https://www.telegraph.co.uk/finance...axes-residency-scheme-for-wealthy-expats.html

http://news.asiaone.com/print/News/Latest+News/Singapore/Story/A1Story20120404-337800.html

 

[sinait]

Off topic. Singapore asks for S$2.5 million in exchange for a permanent residency card. Why so much? I remember Singapore was cheaper with S$1 million.

You remember correctly, that was long time ago.
Before that even less, inflation I guess.
You coming?
Not sure why you rather not go to Australia instead.
I may move to Australia.
.

 

[TaiShang]

Way to GO.
China and Singapore.
China - China Taipei Program, Coming Soon.
.

The more economic interaction the better. This is hopefully initial steps toward a real economic union and perhaps more, as many East Asian visionaries dreamed about but somehow never came to fruition.

Nearly 7m [Mainland] Chinese to travel abroad during Lunar New Year

Xinhua, January 10, 2019

Over 400 million Chinese will travel during the upcoming Chinese Lunar New Year, among them nearly 7 million will travel abroad, according to a report released on Wednesday by Ctrip, a Shanghai-based online travel agency.

The report said people from over 100 Chinese cities had booked to travel to nearly 500 destinations across over 90 countries and regions.

Thailand, Japan, Indonesia and Singapore are among the most popular destinations while Nordic countries, the United Arab Emirates and Spain have seen the fastest growth of Chinese visitors.

Traveling schedules covering cultural sites or winter sports that can be enjoyed by a big family are the most popular choices, indicating that Chinese are willing to enjoy high-quality travel experiences.

Lvmama, another Shanghai-based online travel agency, said in its latest report that more convenient transport, easier visa application procedures and Chinese people's upgrading demand for leisure were major factors in China's booming outbound tourism.

In 2018, 140 million Chinese traveled outbound, marking a year-on-year increase by 13.5 percent, according to the China Tourism Academy.

Service consumption including travel are becoming a major part of Chinese people's consumption, and a force for the economic development of overseas destinations.

According to a report released by China's Ministry of Commerce during the first China International Import Expo held in November 2018, China has been the world's biggest spender on outbound travel for six consecutive years.

In recent years, China's outbound travel has contributed about one-sixth of added-value to the world's travel industry, creating about a quarter of tourism jobs worldwide and contributing to more than 10 percent of international tourist growth, the report said.

http://www.china.org.cn/business/2019-01/10/content_74358230.htm

 

[Viet]

You remember correctly, that was long time ago.
Before that even less, inflation I guess.
You coming?
Not sure why you rather not go to Australia instead.
I may move to Australia.
.

Do you know the saying: the tree of my neighbor is greener?

I was in Australia for several week.The flight with a day long with a stop in Singapore was a torture. Maybe it’s just me. The aussie land is not a land where I want to say: hey this is a Great country I like it. Have you ever been to Australia? With exception of Melbourne, everything else it’s too normal even too asian (you understand what I mean). Take the map of Germany, close your eye and randomly pick any city. Any city here is better organized. Ok probably because I personally had some bad experiences there.

Ok I see in your opinion, many Singaporeans want to move to bigger country because they see their land is too small. For me Singapore is a perfect place. It is close to Vietnam. Nice weather to escape the hard winter of Germany. Getting permanent residency seems impossible. Who has S$2 million or more at free disposal? Singapore allows up to 3 months with German passport so it’s ok. Price is no longer cheap but I think it is still ok.

Isn't it always S$2.5m for the Global Investor Programme scheme? You probably mistook it for other schemes, which I think has been scrapped.

https://www.telegraph.co.uk/finance...axes-residency-scheme-for-wealthy-expats.html

http://news.asiaone.com/print/News/Latest+News/Singapore/Story/A1Story20120404-337800.html

Your countryman answered it. The hurdle now is too high.

 

[sinait]

Do you know the saying: the tree of my neighbor is greener?

I was in Australia for several week.The flight with a day long with a stop in Singapore was a torture. Maybe it’s just me. The aussie land is not a land where I want to say: hey this is a Great country I like it. Have you ever been to Australia? With exception of Melbourne, everything else it’s too normal even too asian (you understand what I mean). Take the map of Germany, close your eye and randomly pick any city. Any city here is better organized. Ok probably because I personally had some bad experiences there.

Ok I see in your opinion, many Singaporeans want to move to bigger country because they see their land is too small. For me Singapore is a perfect place. It is close to Vietnam. Nice weather to escape the hard winter of Germany. Getting permanent residency seems impossible. Who has S$2 million or more at free disposal? Singapore allows up to 3 months with German passport so it’s ok. Price is no longer cheap but I think it is still ok.

Your countryman answered it. The hurdle now is too high.

I prefer Singapore as well.
Australia is BORING.
I think the young are more adventurous and will want to seek greener pastures.
Unfortunately my children are not here, so I will be here as long as I can move about properly which may not be too long.
Or I can get a young Vietnamese wife to look after me, haha.

Watching all the military development, sometimes I lament I will not be around to witness the outcomes.
.

 

[Mista]

Your countryman answered it. The hurdle now is too high.

The GIP an investment program for entrepreneurs to relocate. Nowadays you can't relocate just by having assets here.

Wealthy foreigners who want their PR application expedited will now have to apply under a different scheme for well-heeled entrepreneurs from abroad who invest in businesses here.

The first programme, known as the Financial Investor Scheme (FIS), will be scrapped by the end of this month, sources told BT on Monday. MAS later confirmed that it is putting an end to the scheme.

Since 2004, FIS has allowed high net worth individuals from overseas with net personal assets of $20 million – and at least $10 million of assets held in Singapore for five years – to get onto a fast track and apply for PR status through private banks or other financial institutions via MAS.

The minimum sum of $10 million was already doubled in 2010 from $5 million, as part of the government’s move to curb the flow of immigrants.

Up to $2 million of the $10 million that these wealthy foreigners park here can be used to buy private residential property.

Now that this scheme is being axed, wealthy foreigners can still apply for PR status under the Global Investor Programme (GIP) – a scheme that allows entrepreneurs from abroad to obtain PR.

Unlike FIS, where assets held in Singapore are the main criterion, GIP is aimed at entrepreneurs who have a track record in corporate circles, and is a scheme that can boost employment locally.

http://news.asiaone.com/print/News/Latest+News/Singapore/Story/A1Story20120404-337800.html

What Singapore needs isn't more jobs but more quality jobs, and S$1 million can't even get you a decent apartment in HK. We actually had to turn away some potential MNC investments and direct them to our ASEAN neighbors because of our labor constraints.

Anyway most people don't get their PRs through this scheme, only a very very small percentage actually do.

The Global Investor Programme (GIP) scheme — which was launched in 2004 — accords permanent residence (PR) status to foreign investors with substantial business track record and successful entrepreneurial background, provided that they intend to drive their business and investment growth from Singapore. To qualify, foreigners have to invest a minimum of S$2.5 million in Singapore through a business, or in GIP funds that invest in Singapore-based companies.

As of June last year, a total of 1,826 applicants have been granted PR status since the programme’s inception, the Ministry of Trade and Industry said in response to TODAY’s queries.

https://www.todayonline.com/singapore/investor-residency-scheme-brings-s18bn-between-2011-and-2016

Total PRs granted:

So many PRs are granted each year, and yet there are only 1,826 successful applicants since 2004.

 

[Viet]

I prefer Singapore as well.
Australia is BORING.
I think the young are more adventurous and will want to seek greener pastures.
Unfortunately my children are not here, so I will be here as long as I can move about properly which may not be too long.
Or I can get a young Vietnamese wife to look after me, haha.

Watching all the military development, sometimes I lament I will not be around to witness the outcomes.
.

You sound as if you are ready to transfer an empire to your kids.How old are you now? Ok I agree. The world is too populated. The Malay are too greedy. I would love to see too how Singapore army slaps the Malay. Will be an interesting event.

 

[sinait]

You sound as if you are ready to transfer an empire to your kids.How old are you now? Ok I agree. The world is too populated. The Malay are too greedy. I would love to see too how Singapore army slaps the Malay. Will be an interesting event.

Haha, no chance of that happening.
The Malays are not much of a problem.
Its that Indian Malaysian PM Mahathir stirring things up.
Singapore Malays are very nice people, no joke.
Malaysian Malays, not sure bcoz they are brainwashed and jealous of our success.

Unfortunately nice and simple people can be easily agitated by people playing race politics.
Malays in Singapore are mainly not indigenous, but from Indonesia, Middle East and as far as Afghanistan.
I asked my Afghanistan friend why she call herself Malay, and she replied "Cheap, Cheap Cheap".
It means as a Malay, they enjoy many subsidies in Singapore.

I have many Malay schoolmates who went over to Malaysia bcoz of even more Bumiputra(Malay) incentives 40+ years ago.
Those who stay are the friendlier and more industrious types and not so greedy.
When you are here, you will find the Malays are nicer people than the Chinese and Indians, seriously.
They are generally genuinely friendly, unlike the Japanese fake courtesy whose actions belie their fake fronts.
I find that the simpler the people are, the friendlier.

Not so sure in the future as there are increasingly more brainwashing from the Saudis and the young go to Islamic schools and don't mingle with the rest.
I foresee problems will crop up in the future.

I am regular monthly visitor to our hospitals, so can go any time.
Nearly did that 5 years ago and sometimes if I find myself lying on the floor and I would know I had just fainted.
They are still investigating what is ailing me for the past 5 years.
It seems that many people pass away without knowing the exact cause.
.

 

[TaiShang]

I am regular monthly visitor to our hospitals, so can go any time.
Nearly did that 5 years ago and sometimes if I find myself lying on the floor and I would know I had just fainted.
They are still investigating what is ailing me for the past 5 years.
It seems that many people pass away without knowing the exact cause.

Wish you all the best, my friend. Hope they will find the cause and cure it speedily.

***

 

[Viet]

Haha, no chance of that happening.
The Malays are not much of a problem.
Its that Indian Malaysian PM Mahathir stirring things up.
Singapore Malays are very nice people, no joke.
Malaysian Malays, not sure bcoz they are brainwashed and jealous of our success.

Unfortunately nice and simple people can be easily agitated by people playing race politics.
Malays in Singapore are mainly not indigenous, but from Indonesia, Middle East and as far as Afghanistan.
I asked my Afghanistan friend why she call herself Malay, and she replied "Cheap, Cheap Cheap".
It means as a Malay, they enjoy many subsidies in Singapore.

I have many Malay schoolmates who went over to Malaysia bcoz of even more Bumiputra(Malay) incentives 40+ years ago.
Those who stay are the friendlier and more industrious types and not so greedy.
When you are here, you will find the Malays are nicer people than the Chinese and Indians, seriously.
They are generally genuinely friendly, unlike the Japanese fake courtesy whose actions belie their fake fronts.
I find that the simpler the people are, the friendlier.

Not so sure in the future as there are increasingly more brainwashing from the Saudis and the young go to Islamic schools and don't mingle with the rest.
I foresee problems will crop up in the future.

I am regular monthly visitor to our hospitals, so can go any time.
Nearly did that 5 years ago and sometimes if I find myself lying on the floor and I would know I had just fainted.
They are still investigating what is ailing me for the past 5 years.
It seems that many people pass away without knowing the exact cause.
.

Man, I just made a joke. Don’t take thing too serious. I went to Malaysia several times. I know the people.

You fell then lied on the floor? Man, that is not good.

The GIP an investment program for entrepreneurs to relocate. Nowadays you can't relocate just by having assets here.



http://news.asiaone.com/print/News/Latest+News/Singapore/Story/A1Story20120404-337800.html

What Singapore needs isn't more jobs but more quality jobs, and S$1 million can't even get you a decent apartment in HK. We actually had to turn away some potential MNC investments and direct them to our ASEAN neighbors because of our labor constraints.

Anyway most people don't get their PRs through this scheme, only a very very small percentage actually do.



https://www.todayonline.com/singapore/investor-residency-scheme-brings-s18bn-between-2011-and-2016

Total PRs granted:

So many PRs are granted each year, and yet there are only 1,826 successful applicants since 2004.

Less than 2,000 wealthy immigrants in 14 years? That is very little but for Singapore probably ok. Is there other chance to migrate to Singapore if one is not wealthy? Ok you find a job. But what else? Let’s say, I buy a condo. Is it ok for me to settle down there?

 

[Mista]

Less than 2,000 wealthy immigrants in 14 years? That is very little but for Singapore probably ok. Is there other chance to migrate to Singapore if one is not wealthy? Ok you find a job. But what else? Let’s say, I buy a condo. Is it ok for me to settle down there?

Most wealthy PRs such as Jackie Chan or Zhao Wei don't get their PRs through starting a business here. There are many different ways.

https://www.immigrationworld.com/singapore/ways-to-migrate-to-singapore/amp/

 

[sinait]

Man, I just made a joke. Don’t take thing too serious. I went to Malaysia several times. I know the people.

You fell then lied on the floor? Man, that is not good.

Less than 2,000 wealthy immigrants in 14 years? That is very little but for Singapore probably ok. Is there other chance to migrate to Singapore if one is not wealthy? Ok you find a job. But what else? Let’s say, I buy a condo. Is it ok for me to settle down there?

Of course, that's why I opened my post with "HaHa".
I elaborate with a little more detail as you seem keen to come over here.
Not to worry, I will not misunderstand you.

Many unpleasant things awaits us as we grow old.
I was shocked the 1st time I woke up lying on the floor, I thought I was resting on the bed.
It slowly dawned on me that I had just recovered from a fall after fainting.
Now I quickly sit down once I felt giddy.
.