Singapore, 25 March 2026 – DBS and Bank of China (BOC) today announced plans to deepen their longstanding partnership and accelerate financial innovation to enable greater trade and investment flows across the region.

A key priority of the collaboration will be to advance initiatives across several target areas within the financial services industry. These include financial technology innovation, regional connectivity, cross-border RMB solutions, third-party regional market expansion and sustainable finance.

DBS and BOC will leverage their respective strengths to deepen joint strategic cooperation in the Chinese and regional overseas markets including Singapore, Indonesia and Vietnam. To facilitate greater cross-border trade flows, the partners will also support the international expansion of Chinese enterprises as well as facilitate investments by global enterprises and long-term capital investments into China.

Tan Su Shan, CEO of DBS Group, said: “Economic and trade cooperation between China, Singapore and the region has continuously deepened, demonstrating resilience and structural growth. BOC is a long-term valued partner of DBS. Building on that foundation, this MOU symbolises our renewed commitment to support global growth, drive regional development and create more impactful collaboration. We look forward to partnering BOC to strengthen cooperation in bond markets, trade finance and third-party markets, as well as facilitate the broader use of RMB, injecting new capital and innovation into regional development.”

Ge Haijiao, Chairman of Bank of China, said: "DBS is the largest bank in Southeast Asia while BOC is a driving force serving cross-border trade and financial exchanges between China and ASEAN. Both have sound cooperative relationships across the region and have engaged in close cooperation in areas including payments and settlement, debt capital markets, financial markets, trade finance, cross-border custody and digital RMB. Looking ahead to the '15th Five-Year Plan' period, both partners will continue to embrace broader cooperation and development opportunities. BOC will work with DBS to enable the international use of RMB, cultivate greater financial innovation and green finance, while jointly driving intra-regional cooperation to yield more fruitful results for our stakeholders."

Re-disseminated by The Asian Banker