Direct-administered municipalities of China

ADERA to Broaden and Deepen its Business Presence in Chongqing, China

Tuesday, September 15, 2020 - 9:30am

Ltd. ("ADERA" or the "Company"), an innovative financial services technology group headquartered in Singapore with a track record of more than 35 years, is pleased to announce that it has entered into two Memorandum of Understandings ("MOU") and a letter of intent to broaden and deepen its business presence in Chongqing, China.

Key Points: 
  • Ltd. ("ADERA" or the "Company"), an innovative financial services technology group headquartered in Singapore with a track record of more than 35 years, is pleased to announce that it has entered into two Memorandum of Understandings ("MOU") and a letter of intent to broaden and deepen its business presence in Chongqing, China.
  • Previously, such intergovernmental cooperation projects have effectively facilitated the origination and completion of several China-Singapore cooperation projects.
  • In 2018, 16 cross-border financing projects under the China-Singapore Demonstration Initiative on Strategic Connectivity were followed through.
  • Chongqing, in southwest China, is one of four municipalities directly controlled by the central government - the other three are Beijing, Shanghai, and Tianjin.