HSBC and the Singapore Business Federation (SBF) signed a Memorandum of Understanding (MOU) to help Singapore businesses explore growth opportunities in key trade corridors such as the Greater Bay Area, India, and the Middle East.
The agreement aims to leverage HSBC‘s global network and range of solutions to support local businesses in their sustainable transition and international expansion.
HSBC will also help businesses deepen their knowledge in sustainability and support their net-zero transition needs.
As part of this initiative, HSBC launched the Business Guide to ASEAN and Beyond, providing insights on doing business in six major ASEAN markets and key trade corridors.
This guide aims to help local businesses navigate new opportunities overseas by drawing on HSBC’s product capability and in-market expertise across the region, and global connectivity.
The MOU aligns with Singapore’s goal to enhance local businesses’ regional and international connectivity.
It focuses on encouraging internationalisation, sharing knowledge on sustainable finance, and expanding local-global connectivity through SBF’s network.
HSBC and SBF plan to organise seminars on doing business in key markets and mission trips to India and the Middle East, providing Singapore business leaders with valuable insights and resources.

Kok Ping Soon, CEO, Singapore Business Federation, said,
“We are delighted to collaborate with HSBC to help more Singapore companies scale their business into India and the Middle East.
Both markets present growth opportunities – such as components manufacturing, semiconductor, automobile manufacturing in particular electric vehicle solutions, and clean energy for India, and urban infrastructure solutions, energy and renewables, and fintech for Middle East.”

Wong Kee Joo, CEO, HSBC Singapore, said,
“The HSBC Business Guide to ASEAN and Beyond was developed with both local and global businesses in mind. Specifically, to help them seize growing trade corridor opportunities by sharing market insights and key data to expand successfully.
SBF’s long history in promoting and supporting businesses here makes them an ideal partner for us to be immersed within the ecosystem and deepen our support for businesses taking the first step in growing beyond Singapore.”
Featured image credit: Edited from Freepik