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Suzhou, August 22 — The “Solving Payment Challenges, Empowering Cross-Border Trade” salon was successfully held at Bank of China. Hosted by the Suzhou Enterprise Service Center and co-organized by SIG global, Xi’an Jiaotong-Liverpool University, Bank of China Suzhou Branch, and Sembcorp Group Singapore, the event brought together nearly 40 representatives from outbound enterprises.

Participants engaged in in-depth discussions on key topics including cross-border payments, green finance, and strategic expansion into Southeast Asia, providing valuable insights and practical solutions to support enterprises in their global ventures.

Cross-Border Payments and Financial Services: Solving Payment Challenges, Empowering Cross-Border Trade

The first sharing session was delivered by Ms. Wang Xiao, Head of the Transaction Banking Department at Bank of China Suzhou Branch. Speaking from a policy perspective, she provided a systematic analysis of the three core challenges currently faced in cross-border payments: fund security, asset preservation, and operational stability. She also introduced Bank of China’s tailored comprehensive service solutions designed for multinational corporations, SMEs engaged in foreign trade, and cross-border e-commerce enterprises.

New Energy Enterprises: Singapore’s Overseas Structures and Financing Channels

Following this, Mr. Liu Wei, Business Development Director of SIG global, delivered a presentation titled “Based in Singapore, Expanding into Southeast Asia — Insights into Setting Up Overseas Structures and Case Studies.”

He elaborated on four key dimensions: Singapore’s business advantages, the “Singapore +1” strategic layout, practical aspects of company incorporation, and typical Chinese enterprise case studies. With clear and practical insights, he explained how Singapore can serve as a “bridgehead” to efficiently reach markets such as Malaysia, Indonesia, Thailand, and Vietnam. He highlighted that the vast Southeast Asian market — home to 680 million young people and boasting a GDP of USD 3 trillion — is fast becoming a new blue ocean for Chinese enterprises venturing abroad.

China-Singapore Connectivity · Green Engine: Tackling Southeast Asia’s Industrial Park Challenges and Accelerating Cross-Border Trade

The event concluded with a keynote by Mr. Ren Jun, Head of Industrial Development (East China) at Sembcorp Group Singapore, titled “Tackling Southeast Asia’s Industrial Park Challenges and Accelerating Cross-Border Trade.”

Mr. Ren shared insights across five key areas: Vietnam’s macroeconomic dividends, the choice between land acquisition and factory leasing, industrial park infrastructure and policy incentives, the USD 1 billion LEGO carbon-neutral factory case, and a one-stop guide to the landing process. He highlighted how VSIP has developed an industrial city in Vietnam with an annual output value of USD 20 billion. Mr. Ren also reminded enterprises to take note of preferential tax policies such as “two years of exemption and four years of halved rates,” while showcasing LEGO’s carbon-neutral factory in Binh Duong as a benchmark for sustainable development.

Conclusion

The salon not only provided enterprises with a practical “toolbox” to address payment challenges, but also built a systematic, clear, and actionable pathway for international expansion — spanning policy insights, financial support, structural optimization, and industrial park implementation. Through multi-dimensional resource integration and the sharing of hands-on experience, the event helped enterprises reduce compliance and operational risks, seize regional development opportunities, and accelerate their journey toward internationalization.

Source: X-EcoMall, Author: X-EcoMall