MAS launches Beijing Representative Office

It will be headed by Ms Tay Hwee Ling.

According to a release, the Monetary Authority of Singapore (MAS) officially opened its Beijing Representative Office. 

The Beijing Representative Office will further strengthen bilateral collaboration between MAS and the People’s Bank of China (PBC), as well as with other Chinese financial authorities including China Banking Regulatory Commission (CBRC), China Securities Regulatory Commission (CIRC) and China Insurance Regulatory Commission (CIRC).

In his speech at the official Opening Ceremony, Deputy Prime Minister of Singapore and Chairman of MAS, Mr Tharman Shanmugaratnam, said “MAS sees great value in establishing a physical presence in Beijing to facilitate future cooperation and regular interactions. We look forward to leverage on this milestone collaboration to deepen our financial and economic cooperation and take our bilateral relations to new heights.”

Mr Zhou Xiaochuan, Governor of the PBC, was the Guest-of-Honour for the Opening Ceremony. The event was attended by more than 100 guests including the Vice Chairmen of CBRC, CSRC and CIRC, heads of financial institutions and other senior representatives of MAS’ key partners in China.

The MAS Beijing Representative Office is headed by Chief Representative, Ms Tay Hwee Ling. In her career with MAS, Ms Tay has covered various aspects of MAS’ operations, which include insurance supervision, banking policies, human resource and strategic planning. This is MAS’ third overseas representative office, in addition to its offices in London and New York.