ASEAN NETWORK NEWS | On July 7, government officials, investors, and business leaders from China and Southeast Asia convened in Singapore to explore investment opportunities, cross-border capital movement, and supply chain cooperation.
The gathering, the 4th China-Southeast Asia Economic and Finance Forum, was organized by China International Capital Corporation (CICC) under the theme "Redefining Capital Flows and Supply Chain Synergy," drawing more than 200 participants from across the region.
Liang Dongqing, a member of CICC's Management Committee and secretary to its Board of Directors, pointed to artificial intelligence, innovative pharmaceuticals, and advanced manufacturing as emerging drivers of growth. Also serving as president of CICC International, Liang stressed the firm's continued commitment to connecting Chinese companies expanding overseas with international investors entering Asian capital markets, while noting China's underlying economic resilience.
In his keynote address, Chinese Ambassador to Singapore Cao Zhongming described the world as entering a period of greater instability and change, arguing that cooperation, openness, and unity among nations are key to managing shared development challenges. He added that China's economy continues to advance steadily, and that China-Southeast Asia trade and financial ties rest on a strong foundation with significant room to expand further.
Michael Syn, president of the Singapore Exchange (SGX Group), observed that global capital markets are going through a structural realignment, with investors gravitating toward markets seen as stable, trustworthy, and capable of delivering sustainable returns. He characterized the China-Southeast Asia economic corridor as an example of this trend, noting the growing use of yuan-denominated financing in regional trade, infrastructure projects, and liquidity management.
Stephen Ng, who heads CICC's Southeast Asia and South Asia operations and serves as CEO of CICC Singapore, said ASEAN's global standing keeps rising as the bloc increasingly shapes broader economic trends. As China advances into higher-value sectors such as electric vehicles, semiconductors, and renewable energy, he noted, ASEAN is positioned as a natural partner thanks to its critical mineral resources, manufacturing base, and expanding consumer market.
Additional speakers addressed a range of topics, including commodity cycles amid geopolitical uncertainty, agentic AI, and equity market strategy. Reza Yamora Siregar, managing director and chief economist at Danantara Indonesia, offered perspectives on the global macroeconomic outlook, while Kevin Liu of CICC Research discussed China's uneven growth trends and the next phase of market opportunities.
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