China's growing business presence in Singapore

Its companies have pumped in $41.8b, bringing with it cultural influences and work practices

Normanton Park was sold en bloc in 2017 to Chinese developer Kingsford Huray Development for $830.1 million. The main contractor for the site is MCC Singapore, a subsidiary of a China state-owned enterprise. ST PHOTO: NG SOR LUAN
Normanton Park was sold en bloc in 2017 to Chinese developer Kingsford Huray Development for $830.1 million. The main contractor for the site is MCC Singapore, a subsidiary of a China state-owned enterprise. ST PHOTO: NG SOR LUAN
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Chinese investments are highest in the finance and insurance sector, followed by wholesale and retail, Singapore's official statistics show.

Flush with cash but faced with limited opportunities in China, large investors have been looking over the past two to three years to grow their capital in areas with potential for growth, such as South-east Asia.

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A version of this article appeared in the print edition of The Straits Times on December 02, 2019, with the headline China's growing business presence in Singapore. Subscribe