Deepest Condolences on the Passing of Our Founding Patron, Singapore’s Founding Prime Minister Mr Lee Kuan Yew
Singapore’s Founding Prime Minister, Mr Lee Kuan Yew was a visionary leader whose extraordinary wisdom and foresight paved the way for stronger bilateral ties between Singapore and China.
Mr Lee is the Founding Patron of Business China and has always been committed to the promotion of bilingualism and biculturalism in Singapore, as exemplified by his strong support towards Business China and its events. Mr Lee was the Guest-of-Honour at the inaugural Business China Awards in 2010 and subsequently in 2012; as well as keynote speaker at FutureChina Global Forum in 2010 and 2011.
Mr Lee's dedication to Business China over the past 8 years has allowed some 50,000 Singaporeans to benefit greatly from his invaluable insights and astute observations of China and the world. In honour of Mr Lee’s exceptional contributions and commitment towards fostering Sino-Singapore bilateral ties, he was presented the ‘Business China Lifetime Achievement Award’ in 2013.
Mr Lee Kuan Yew will be dearly missed for his immeasurable contributions to Business China and Singapore.
23 March 2015
Mission & Vision
Mission & Vision
Launched in November 2007, Business China’s mission is to nurture an inclusive bilingual and bicultural group of Singaporeans through extensive use of the Chinese language as the medium of communication, so as to sustain our multi-cultural heritage, and to develop a cultural and economic bridge linking the world and China.
Harnessing the support of the public sector and private enterprises, Business China, as a non-profit organisation, aims to strengthen the ties between Singapore and China, so as to sustain and grow the global connectivity of Singapore through:
- Becoming the leading bilingual and bicultural channel for closer collaboration with China.
- Establishing a widespread appreciation and acceptance of Chinese language and culture, within the multi-ethnic, multi-cultural mosaic that is fundamental to the Singapore identity.
- Nurturing young Singaporeans to develop deeper links with China, engaging it in all facets including economic, business, social, cultural and educational.
China’s next phase of development will be different from the past…we must find new solutions as our own circumstances change so we can continue to improve Singaporeans’ lives and remain relevant to other countries, including China.
Prime Minister, Singapore
Singaporeans need three capabilities to do business in China: fluency in the Chinese language, knowledge of China's traditional culture and an understanding of the on-going changes in the social, economic and political conditions of a society with changing life-style that is transiting from an agricultural to an industrial economy.
Founding Prime Minister, Singapore
Business China continues to champion bilingualism and biculturalism in Singapore, taking into account the changes within Singapore and in the region, and a far more sophisticated and advanced China today.
We work with an eco-system of local partners (enterprises, government agencies and educational institutes) and Chinese counterparts to strengthen mutual understanding and to build closer relations.
Business China held the first board meeting following the commencement of the new three-year term starting 1 October 2019.
The new board welcomes a new advisor in Ms Grace Fu, Minister for Culture, Community and Youth. The other advisors are Minister Gan Kim Yong, Minister Chan Chun Sing and Minister Ong Ye Kung. Business China also welcomes four new board members in Ms Sim Ann, Senior Minister of State for Culture, Community and Youth, Ms Jane Sun, Chief Executive Officer of Trip.com Group, Mr Sherman Kwek Eik Tse, Chief Executive Officer of City Developments Limited and Mr Mark Lee Kean Phi, Chief Executive Officer of Sing Lun Holdings Pte Ltd.
Mr Lee Yi Shyan, Chairman of Business China would like to put on record our most profound appreciation to the outgoing advisers - Minister of Manpower and Second Minister of Home Affairs, Mrs Josephine Teo, Minister in the Prime Minister’s Office and Secretary-General of the National Trades Union Congress (NTUC), Mr Ng Chee Meng; board members - Chairman & Managing Director of Teckwah Industrial Corporation Ltd, Mr Thomas Chua, Chairman & CEO of EnGro Corporation Ltd, Mr Tan Cheng Gay and CEO of MTQ Corporation Limited, Mr Kuah Boon Wee; for their active participation and generous guidance provided to Business China for many years.
Business China Youth Chapter (BCYC) celebrated its 10th Anniversary on 11 Oct 2019 with the launch of Business China Summer School Scholarship Programme - an initiative by the BCYC to offer more opportunities for Singaporean youths to enrich their academic experience beyond Singapore and learn more about China.
The celebration was graced by Minister Josephine Teo, Minister for Manpower and Second Minister for Home Affairs as the Guest-of-Honour, who spoke at the dialogue session titled “Singapore – China Relations: What Role can Youths Play in the Next Decade and Beyond?”
An MOU was also signed between Business China and Singapore Chinese Chamber of Commerce and Industry to promote deep appreciation of Singaporean Chinese business culture and entrepreneurial spirit, and enhance Singaporean youths’ understanding of China’s economy and culture.
Since its inception, Business China has been engaging youths and business leaders, through forums, dialogues, courses and study trips, to better understand a rapidly-changing China.
In 2017, Business China celebrated 10 years of bridging Singapore-China business and social exchanges, and 8 years of honouring outstanding individuals and enterprises for taking bilateral understanding to greater heights.
Business China Patron (PM Lee Hsien Loong), Board Advisers and Directors at the 10th anniversary.
Recipients of Business China Awards (2010–2017)
Prime Minister, Singapore
In October 2016, Patron of Business China, Prime Minister Lee Hsien Loong inaugurated the 4th term of the Board of Business China with his personal guidance of Business China's future strategy and direction.
Member of Parliament, Chairman of the Board of Directors of OUE, Mr Lee Yi Shyan took over the helm as Chairman from Mr Chua Thian Poh, chairman and chief executive officer of Ho Bee Land Ltd.
The Board consists of cabinet ministers, business community leaders and industry experts.
Having been personally involved in the Suzhou Industrial Park project and undertaking his own bilingual journey (“My Bilingual Journey” 2006), MM Lee believed that Singaporeans should be bilingual and bicultural so as to be ready for China’s growing influence in the region and to be able to leverage on opportunities. Business China was thus launched in November 2007, witnessed by MM Lee, the Founding Patron of Business China, and Mr Wen Jiabao, Former Premier of the People's Republic of China, and Mr Chua Thian Poh, Founding Chairman of Business China, to promote a greater understanding of China amongst Singaporeans and to cultivate China-ready skills amongst young Singaporeans.
Board of Directors
Singapore's Founding Prime Minister
Singapore's Prime Minister
Minister for Health
Minister for Trade and Industry
Minister for Transport
Minister for Sustainability and the Environment
Former Senior Minister of State
Executive Advisor to the Chairman’s office, OUE Limited
Senior Minister of State for Foreign Affairs & Transport
Senior Minister of State for Health
Senior Minister of State for National Development
President & Group CEO
Tat Hong Holdings Ltd
Pacific International Lines (Pte) Ltd
Head (Sustainability & Stewardship Group)
Group Executive Chairman
Lian Keng Enterprises Pte Ltd
Lian Huat Group
City Developments Ltd
Sing Lun Holdings Pte Ltd
Founding Managing Partner
Matrix Partners China
Founder & Managing Partner
Singapore Press Holdings Ltd
Straco Corporation Ltd
Chairman & CEO
Yanlord Land Group Limited
Minister of Health, Gan Kim Yong, shared, “As Business China’s adviser and board of director since 2007, I have witnessed the steady and continuous growth of Business China over the years and how it has evolved while staying true to the founding mission. The array of programmes and activities organised by Business China highlights the current trends of China and the ASEAN region, which provides opportunities for Singapore companies to tap on and further deepen the partnership with China. Looking ahead, I am confident that Business China will continue to stay relevant and engage more Singaporeans to be Singapore-China Savvy talents.”
Minister for Trade and Industry, Chan Chun Sing, shared, “Business China plays an important role in deepening the economic cooperation between Singapore and China. It is a part of the substantive and multi-faceted collaboration between both countries, and key in sustaining the development of long-term opportunities and business platforms for Singapore and China; especially in efforts to venture in partnership into the ASEAN region. Together with Business China, Singapore is better able to deepen with China our strategic understanding, promote economic integration and elevate our bilateral ties to the next level.”
President of SCCCI, Roland Ng, said, “I am glad that Business China is a like-minded partner of SCCCI and have taken a step to strengthen our collaboration via an MOU. Together, we will nurture Singapore-China Savvy young talents and promote deep appreciation of Singapore China business culture and entrepreneurial spirit. By leveraging each organisation’s strengths, I am confident that we are able to influence more Singaporeans, especially the youths, to appreciate and embrace the Chinese culture.”
Chairman of SBF, Teo Siong Seng, shared, “Business China and SBF are committed to help Singapore-based companies expand locally and internationally. With Business China’s expertise and reliable network of China and ASEAN comprising political leaders, prominent business leaders and academics; we are better able to achieve our common goal.”
Senior Minister of State for Ministry of Culture, Community and Youth, Sim Ann, commented, “I am honoured to serve on Business China’s Board. Being China-ready is one of the most rewarding soft skills that a young person could acquire. The key is to start early in gaining exposure, and update one’s knowledge of China regularly. I hope to help Business China bring this message to more young Singaporeans looking to gain an edge in the workplace of the future.”
CEO of Trip.com Group, Jane Sun, shared, “As a Chief Executive Officers from China, I believe in empowering women leaders in the business industry. My own experiences have enabled me to appreciate the rising female talent in the world. As I step into Business China as a new director, I hope to not only bring with me my business acumen to further the cause of the company, but to also influence others with the mindset of embracing diversity and bridging the gender gap, use technology and travel to bring the world closer and foster peace and prosperity in the world. ”
Mr Sherman Kwek, Group CEO of City Developments Limited said, “As part of the new generation of business leaders in Singapore, I recognise the constant need to strengthen, renew and transform ourselves to stay relevant in this day and age. Respect for China’s language, business and culture will help fortify the cornerstones of the long-standing relationship between the two countries. Therefore, it is important for Business China to serve as an effective conduit that can help break barriers and build bonds as well as continue nurturing the next generation of bilingual and bicultural leaders in Singapore.”
CEO of Sing Lun Holdings, Mark Lee, shared, “As a young business leader myself, I understand the competitiveness of the business industry in this time and age. I hope to inject new perspectives and energy into Business China as we push forward to grow despite uncertain global economic conditions, and tap on technology and innovation to stay ahead, while staying true to our mission of developing a cultural and economic bridge linking the world and China.”