On the morning of February 18^th, Party Secretary Yan Li received the delegation headed by Lim Chee Onn, Executive Chairman of the Monetary Authority of Singapore (MAS) in the Administration Center.

Yan said that China and Singapore have witnessed fruitful results in bilateral cooperation, and Changzhou has maintained close economic and trade cooperation with Singapore. In recent years, Changzhou has achieved steady economic and social development. The city is now looking forward to introduce more big and promising projects from Singapore, as well as creative ideas and concepts in various areas to achieve win-win situation.

Lim highly evaluated the urban planning and construction of Changzhou. He said that Changzhou has great potential for the future development.

The two sides had an in-depth discussion on personnel training, environmental protection, financial development, etc.

The Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. It manages Singapore's exchange rate, foreign reserves and liquidity in the banking sector. With its mandate to foster a sound and progressive financial services sector in Singapore, MAS also helps shape Singapore's financial industry by promoting a strong corporate governance framework and close adherence to international accounting standards. MAS ensures that Singapore's financial industry remains vibrant, dynamic and competitive by working closely with other government agencies and financial institutions to develop and promote Singapore as a regional and international financial center.