Since its launching in January, 2016, China-Singapore Demonstration Project on Strategic Connectivity has brought about 64 cross-border financing projects totalling more than 37.95 billion yuan (six billion dollars) by the end of February, 2018. The success thus far of the project has greatly reduced the financing cost of western region.

According to the manager at the management office of the project, the overall cross-border financing cost in 2017 stood at 4.37 percent, 1.47 percentage points lower than the weighted average of Chongqing's financing cost.

The demonstration project has already begun to branch out into a growing and successful financial field. According to relevant statistics, enterprises in the provinces of Sichuan, Shaanxi, and Qinghai have issued bonds worth 12.77 billion yuan(2.02 billion dollars) in foreign markets through this project.

As the core area of the demonstration project, Liangjiang New Area is actively seeking to strengthen cooperation with Singapore and attract projects to settle there. So far 21 projects in the industries of finance, logistics, and aviation have settled in Liangjiang.

In the financial sector, multiple financial institutions have established themselves, including Global Logistics Properties (GLP), the financial holding company, Zongshen, the financial leasing company, and a southwestern-China branch of the Trafigura Group.

China-Singapore had also established a 20 billion yuan investment fund which has since grown to 7.92 billion yuan. Alongside this achievement of their concerted efforts, the first trust fund project of central and western regions has been approved as a public company by Singapore Exchange Limited.

In the logistics sector, Huilianpucheng, an Intelligent Logistics Platform jointly built by three companies in the two countries, has settled in the area and is expected to start construction in the first half of the year.

Furthermore, Singapore Raffles International Hospital, the first high-end, foreign-owned, international hospital built by Raffles Medical Group of Singapore is nearing completion. It will officially open in September this year and will provide medical care for Chongqing residents.

In the future, both parties will deepen cooperation in various aspects. They will further promote the socio-economic development of central and western regions and countries involved in the Belt and Road Initiative.