Our Guest of Honour, Former Minister Mentor Mr Lee Kuan Yew
His Excellency Wei Wei
Minister in Prime Minister's Office, Mr Lim Swee Say
Minister for National Development, Mr Khaw Boon Wan
Minister for Health, Mr Gan Kim Yong
Chairman of Business China, Mr Chua Thian Poh
Distinguished guests, Ladies and gentlemen
Once again, I am honoured to be standing in front of this esteemed audience. It has been three years since the beginning of our partnership with the Business China Awards. While the global market has had its fair share of ups and downs, we have been fortunate enough to see continued strong growth between Singapore and China.
As Singapore's second-largest trading partner and second-largest source of tourism, China’s growth has contributed significantly to our local economy. In turn, with investments worth more than US$6 billion last year, Singapore has risen to become China’s fourth largest foreign investor.
Thirty years ago, China was still classified under R.O.W (rest of the world). Twenty years ago, there was no major country in the world that could cite China as their major trading partner. Now, no major trading nation would not-not mention China as one of their important trading partners. Instead of “Greater China”, a term coined to refer to China, Hong Kong and Taiwan as an integrated economic region, the term “Global China” now seems to be ready for use given its impact on the world economy and the expansion of Chinese enterprises overseas. The term CNH refers to offshore Yuan which was first created and authorized in Hong Kong under the RmB internationalization program, with H meant to refer to Hong Kong. Now given its demand and readiness in many other overseas markets with London and Singapore included, it is perhaps more apt to refer CNH as Chinese Yuen Haiwai, instead of Chinese Yuen Hong Kong – still “H” but beyond Hong Kong to all of Haiwai.
在此，我谨代表华侨银行，向所有得奖者表示祝贺。我也特别要向李光耀先生致以最崇高的敬意，因为您的超前远见，在五年前，和中国温家宝总理共同为我们两地的未来经济, 商贸, 社会和文化交流创立了通商中国这个平台。华侨银行非常荣幸，能够担任2012年通商中国奖的联合呈献机构。