SINGAPORE: The Monetary Authority of Singapore (MAS) said in a press release that the financial connectivity between Singapore and China's Chongqing Municipality has strengthened over the past year despite the Covid-19 pandemic.
The authority said the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (CCI) has helped to catalyze $3 billion in multi-currency financing deals from Chongqing this year, amounting to over $17 billion in cross-border deals since the CCI's inception in 2015.
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