30 Nov '16, 1pm

Singapore Reaffirms Fintech Collaboration with Shanghai

Singapore Reaffirms Fintech Collaboration with Shanghai

Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore, delivered a wide-ranging speech today at the 2nd Shanghai-Singapore Financial Forum in Shanghai. Lo acknowledged the opportunities that exist between China and Singapore noting that China may become 1/3 of the world’s economy by 2050 with China’s banking system becoming the world’s largest within four years. Lo also predicted that the size of the Asian financial system could reach $200 trillion by 2030 – double the projected size of the US financial system. In addressing the evolving financial landscape and the opportunity for synergies between the two countries, Loh said both Shanghai and Singapore recognize the vital importance of harnessing Fintech. “This is a critical ingredient for future-ready international financial centres in Asia. Shanghai is already home to some of the largest Fintec...

Full article: http://www.crowdfundinsider.com/2016/11/93156-singapore-r...

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