Nanshan establishes service station in Singapore to help firms in global expansion

An overseas service station for enterprises from Nanshan District was officially launched in Singapore on Oct. 18, signaling a significant milestone in the district’s strategy for the international expansion of its enterprises.

The official launching ceremony of the service station in Singapore for enterprises from Nanshan District. File Photo

Under the guidance of the Nanshan District Government, the event took place at the Singapore office of CUE Group, a Nanshan-headquartered enterprise.

This new service station is poised to facilitate Nanshan-based enterprises in broadening their global footprint and enhancing their competitive edge. It will serve as a pivotal international gateway, attracting overseas resources, promoting investment, and propelling the regional economy towards greater globalization.

Nanshan, a forerunner in China’s economic reform and opening up, has demonstrated robust economic vitality. In 2023, the district posted a local GDP of 856.6 billion yuan (US$120.6 billion), topping the list of districts (counties) in Guangdong Province and maintaining its streak as one of China’s most innovative districts for seven consecutive years.

In the first half of 2024, the district’s GDP grew by 5% to reach 449.5 billion yuan.

According to Shi Kan, chairman and CEO of CUE Group, with years of experience in overseas markets, particularly in Singapore, the group is well-positioned to support fellow enterprises in their “going global” journey.

The Singapore service station will enable Nanshan enterprises to gain rapid insights into market trends, policies, and talent flows in Singapore and Southeast Asia, thereby mitigating risks and capturing opportunities. The station will also provide a spectrum of services, including business matchmaking, investment consultation, and legal support.

Nanshan has been proactive in engaging in economic and trade exchanges, intensifying its investment promotion efforts. As of Sept. 2024, the district (inclusive of Qianhai) was home to 22,300 foreign-funded enterprises with a total registered capital of 1.27 trillion yuan.