Hong Kong and Singapore have signed seven bilateral deals during a visit by Hong Kong's Chief Executive John Lee to the city state.
The deals, which were signed on Monday, cover collaborations in trade, financial services, research, and fintech.
During the visit, Lee and Singaporean Prime Minister Lee Hsien Loong called for stronger ties between the two financial hubs.
"With these open doors, I believe more business will flow in both directions," Lee predicted.
The memorandums of understanding signed during the visit are aimed at strengthening cooperation between the two cities in various sectors.
The deals are expected to boost economic and trade ties between the two cities, as well as enhance financial services and research and development.
The signing of the deals comes as Hong Kong and Singapore are both working to recover from the economic impact of the
COVID-19 pandemic.
The deals are seen as a significant step towards strengthening economic ties between the two cities, which have long been important financial hubs in the region.
The signing of the deals follows a meeting between Lee and Loong, where they discussed ways to deepen cooperation between the two cities.
The deals signed on Monday are expected to further strengthen ties between the two cities and boost economic and trade ties.
In recent years, Hong Kong and Singapore have worked to strengthen their economic ties, with Singapore serving as a major investor in Hong Kong.
The signing of the bilateral deals is expected to further strengthen economic ties between the two cities and boost investment and trade.
Overall, the signing of the seven bilateral deals between Hong Kong and Singapore is a significant step towards strengthening economic ties between the two cities and boosting investment and trade.
The deals are expected to have a positive impact on both cities and enhance their position as important financial hubs in the region.