The National University of Singapore Global Asia Institute (NUS-GAI) is launching the Wee Cho Yaw Singapore-China Finance and Banking Forum with two lectures in Beijing and Singapore. The establishment of the Forum was made possible with a S$3 million gift from the Chairman of the United Overseas Bank (UOB), Dr Wee Cho Yaw and his family. The donation is eligible for the dollar-for-dollar matching grant from the Ministry of Education, bringing the total funding to S$6 million.
The Forum aims to foster a deeper understanding of the challenges and opportunities in banking and finance in Singapore and China. Besides public lectures, the Forum may also fund a distinguished professorship, visiting professorships or fellowships, scholarships or research in finance and banking.
NUS President, Professor Tan Chorh Chuan, said, “We are very grateful to Dr Wee Cho Yaw for his generous gift and strong support for NUS and our Global Asia Institute. The launch of a Forum focusing on issues relating to finance and banking, areas that are critical to both Singapore and China, is a demonstration of Dr Wee’s great foresight as a pre-eminent business leader.”
The inaugural lecture will be held in Beijing on 30 August 2010 at the Grand Millennium Hotel, in conjunction with the celebration of the 20th anniversary of diplomatic relations between Singapore and China. Renowned Singapore architect-planner and Adjunct Professor at the Lee Kuan Yew School of Public Policy and the School of Design and Environment at NUS, Dr Liu Thai Ker, will speak on the importance and impact of urban planning on the creation of a vibrant financial centre and a conducive living environment.
Dr Wee Cho Yaw, who had led the Republic’s first trade mission to China in 1971, said, “In the early days our bilateral relations were mainly confined to trade. In the last two decades, Singapore’s economic ties with China have expanded into many other business sectors. I hope that the Forum will make significant contributions to closer ties and collaboration between the financial sectors of our two countries.”
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