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Belt and Road

Singapore aims to be hub for Belt and Road deal signings

City-state can contribute banking and legal services, finance minister tells neighbors

Singapore, a Southeast Asian financial and legal hub, aims to connect infrastructure builders with experts and financiers.
Singapore, a Southeast Asian financial and legal hub, seeks to connect infrastructure builders with experts and financiers.   © Reuters

SINGAPORE -- Singapore will provide Asian emerging nations banking and legal services for infrastructure projects through a new program meant to make the city-state a key player in contracts related to China's Belt and Road Initiative.

Given the huge demand for infrastructure, "few governments alone can have enough resources to meet these needs," Finance Minister Heng Swee Keat told an audience including cabinet officials from Indonesia, Thailand and Brunei on Tuesday.

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