At the first China-Singapore (Chongqing) Connectivity Initiative Financial Summit held on November 2, Hanhua Financial Holding (03903.hk), the largest private financial group in Chongqing, successfully signed a number of contracts on important strategic cooperation projects. Mr. Zhang Guoxiang, Chairman of Hanhua Financial Holding, said that "the Belt and Road" Initiative was a rare historic opportunity, especially for the China-Singapore Connectivity Project. Hanhua Financial Holding will fully participate in all-round cooperation between China and Singapore in the financial sector at the foundation of developing its own advantages.

It is understood that at the Summit, a contract concerned with the pilot area project of the China-Singapore Fintech Collaboration Demonstration Zone was concluded and signed by and among the Chongqing Local Financial Supervision and Administration Bureau, the Chongqing Operations Office of the People's Bank of China, the Administrative Committee of Chongqing Liangjiang New Area, the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity Bureau, and the Chongqing Lianglu/Cuntan Free Trade Port Area and CCIFT (Chongqing) Development Co., Ltd., a subsidiary of Hanhua Financial Holding Co., Ltd. This project is, under the framework of China-Singapore connectivity project, to explore the establishment of a Fintech cooperation demonstration zone which is established in Chongqing Municipality and jointly promoted by China and Singapore with innovative financial policies to introduce Fintech industry. With the joint support of the Chinese and Singaporean governments, the pilot area of the Demonstration Zone will be located in the Port Functional District of the Chongqing Lianglu/Cuntan Free Trade Port Area, which will promote the extensive cooperation between the financial institutions and Fintech companies in China and Singapore.

CCIFT also signed a contract with AIRMAKER, a subsidiary of Ascendas-Singbridge Group, on the launch of the China-Singapore FinTech Enterprise Incubator Project which is committed to promoting personnel training, technical cooperation, project incubation and cultural exchanges between Chongqing and Singapore.

At the Investment Fair for China-Singapore Fintech Collaboration Demonstration Zone, Mr. Zhang Guoxiang expressed his expectation that the China-Singapore Fintech Collaboration Demonstration Zone could effectively introduce the world first-class financial technologies, capital, talents and resources to enhance the Fintech and inclusive financial capacity and level in China and facilitate the construction of high inland open centers in Chongqing.

It is learned that at the Summit, Hanhua Financial Holding also signed a memorandum of cooperation with Xiaomi Group and Oversea-Chinese Banking Corporation (OCBC). The three parties will give full play to their respective advantages to jointly promote China-Singapore financial cooperation and improve the quality of financial services. This strategic cooperation will integrate the resources and technologies of Xiaomi Group, the professional financial and wealth management capabilities of OCBC, and the experience accumulated by Hanhua Financial Holding in 14 years in serving local micro, small and medium-sized enterprises, so as to explore a full-direction and multi-form financial cooperation in a platform mode. The three parties will actively seek for national and even global opportunities for cooperation based on the China-Singapore connectivity project.

At the Investment Fair for China-Singapore Fintech Collaboration Demonstration Zone, Hanhua Financial Holding also reached a comprehensive strategic cooperation with China Soft Capital to jointly launch and establish the "China Fintech Industry Investment Fund" with a scale of RMB 10 billion.

In addition, Hanhua Financial Holding also signed a strategic agreement with CITIC Zhengye to jointly promote the construction and operation of the China-Singapore Fintech Innovation Park, and its coverage extension from Chongqing to China and even the world.