Leong Sing Chiong, deputy director of the Monetary Authority of Singapore, said that for a sustainable and low-carbon future, the Association of Southeast Asian Nations and China will need considerable green investment and financing.

His remarks came during the China-Singapore (Chongqing)-New International Land-Sea Trade Corridor (CCI-ILSTC) Connectivity Initiative Trade and Finance Conference on June 11.

The conference commemorated the 10th anniversary of this bilateral initiative and explored the opportunities the corridor offers for digital and sustainable trade and finance in the region.

The ITC-ILSTC, a multimodal rail-sea route linking Chongqing to Singapore, has proven to be an efficient trade corridor, with a near-doubled growth in container volume since 2019.

Chongqing is considered a strategic gateway to western China, and offers attractive opportunities for Singaporean companies, as explaianed by Senior Minister of State for Digital Information and Development Tan Kiat.

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