Singaporean Bank Inks Agreement with Hong Kong Trade Council
In a significant move towards regional growth and connectivity, UOB Hong Kong and the Hong Kong Trade Development Council (HKTDC) have signed a Memorandum of Understanding (MOU) at the ASEAN Conference 2025 in Singapore. Adaline Zheng, CEO of UOB Hong Kong, and Vivienne Chee, Director of Singapore, HKTDC, announced the event.
The partnership aims to unlock new opportunities for businesses, enable them to seize opportunities, and navigate the evolving global landscape with confidence. It will facilitate stronger links between markets in the Greater Bay Area (GBA) and ASEAN, enabling smoother business interactions and cross-border collaborations.
Through strategic initiatives, the collaboration aims to boost trade flows, helping businesses in both regions expand their market reach and export capabilities. By aligning economic activities and development efforts, the partnership seeks to create a more cohesive and integrated business environment across the GBA and ASEAN, encouraging innovation and regional growth.
As trade and integrated development expand, the initiatives are expected to stimulate employment by supporting enterprises in both regions to grow and generate new jobs. The MOU between UOB Hong Kong and HKTDC also aims to create job opportunities and empower communities across both regions.
UOB Hong Kong will leverage its ASEAN network, professional financial expertise, and foreign direct investment (FDI) advisory capabilities in the partnership. HKTDC, on the other hand, will bring its trade facilitation expertise to the table. The agreement outlines a robust framework for cooperation, focusing on initiatives that drive cross-border collaboration and facilitate trade flows.
The partnership will foster cultural and business exchange through joint programs and knowledge-sharing platforms. It reaffirms a shared commitment to advancing sustainable economic development and deepening regional integration. This partnership marks UOB Hong Kong as the first Singapore-based bank to sign such an MOU with HKTDC, highlighting a significant step in regional economic collaboration between Hong Kong, the GBA, and ASEAN markets.
Vivienne Chee stated that the partnership reflects a shared vision to foster sustainable economic growth through deeper trade and investment ties. Adaline Zheng emphasized that the partnership aims to deliver innovative and sustainable solutions that fuel trade and development. The partnership will strengthen regional ties and promote sustainable growth.
[1] The Straits Times. (2025, March 1). UOB Hong Kong and HKTDC sign MOU to boost trade and economic development in GBA and ASEAN. Retrieved from https://www.straitstimes.com/business/companies-markets/uob-hong-kong-and-hktdc-sign-mou-to-boost-trade-and-economic-development
[2] South China Morning Post. (2025, March 1). UOB Hong Kong and HKTDC team up to boost trade and economic development in GBA and ASEAN. Retrieved from https://www.scmp.com/business/companies/article/3181355/uob-hong-kong-and-hktdc-team-boost-trade-and-economic-development
[3] Business Times. (2025, March 1). UOB Hong Kong and HKTDC sign MOU to boost trade and economic development in GBA and ASEAN. Retrieved from https://www.businesstimes.com.sg/companies-markets/uob-hong-kong-and-hktdc-sign-mou-to-boost-trade-and-economic-development
- The partnership between UOB Hong Kong and the Hong Kong Trade Development Council (HKTDC) aims to create a more cohesive and integrated business environment across the Greater Bay Area (GBA) and ASEAN regions, by leveraging AI and finance to boost trade flows and enabling smoother business interactions.
- The collaboration will drive cross-border collaboration and facilitate trade flows between markets in the GBA and ASEAN, thereby unlocking new opportunities for businesses and fostering cultural and business exchange.
- Through strategic initiatives, the partnership seeks to stimulate employment by supporting enterprises in both regions to grow, expand their market reach, and export capabilities, ultimately spurring innovation and regional growth.
