Ravi Menon MD Monetary Authority of Singapore (MAS) mentioned RootAnt global and our latest initiative/ MOU with Bank of China and other partners, to drive digital transformation in digital trade at this year's China-Singapore (Chongqing) connectivity initiative financial summit (CCIFS). We are deeply honoured to represent Singapore at this major event about the China-Singapore trade relations.
Ravi Menon mentioned "RootAnt, a Singapore FinTech firm has signed an agreement with the Bank of China (BOC) to serve as the trade financing platform on the Singapore side, enabling traders, logistics companies, and BOC’s branches to exchange electronic trade documents under the CCI-ILSTC for trade financing purposes. I look forward to more of such digital trade pilots bearing fruit over the next couple of years. Collectively, these will transform how trade is conducted on the CCI-ILSTC"
CCIFS is the signature event under the Financial Services pillar of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity and is jointly organised by Ministry of Trade and Industry (Singapore), Monetary Authority of Singapore (MAS), Ministry of Trade and Industry’s Chongqing Connectivity Initiative Office, the Chongqing Municipal People’s Government, the Chongqing Financial Regulatory Bureau, Ministry of Commerce, China (MOFCOM), the People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission.
To watch the event's videos: https://bit.ly/CCIFSvideos
Press Release: https://bit.ly/CCIFSpr
Ravi Menon's Full Speech: https://bit.ly/Ravispeech