The memorandums of understanding cover collaborations in trade, financial services, research, and fintech.

During the meeting, Singaporean Prime Minister Lee Hsien Loong called for stronger ties between the two financial hubs.

The signing of the seven bilateral deals is expected to pave the way for more business to flow in both directions between Hong Kong and Singapore.

The deals were signed in the presence of both leaders and were aimed at strengthening the economic and trade ties between the two cities.

The collaborations in trade and financial services will allow the two cities to explore new opportunities for business growth.

The research and fintech collaborations will help in promoting innovation and technology in both cities.

The signing of the deals came as Chief Executive John Lee predicted that the "open doors" policy in Hong Kong would allow more business to flow in both directions between the two cities.

The policy has been in place since the outbreak of the COVID-19 pandemic and has helped in maintaining a stable business environment in Hong Kong.

Singaporean Prime Minister Lee Hsien Loong welcomed the deals and called for stronger ties between the two financial hubs.

He said that the deals would help in promoting economic growth and development in both cities.

Overall, the signing of the seven bilateral deals between Hong Kong and Singapore is a significant step towards strengthening the economic and trade ties between the two cities.

The deals are expected to bring more opportunities for business growth and development in both cities.