Recently, Shanghai Gold Exchange（SGE） and United Overseas Bank (UOB) signed a Memorandum of Understanding（MoU）in Shanghai. The MoU signing was witnessed by Mr Yu Wenjian, Chairman of SGE and Mr Wee Ee Cheong, Deputy Chairman and CEO of UOB. Mr Ma Lin, Vice President of SGE signed an MoU with Mr Peter Foo, CEO of UOB China.

In recent years, SGE has been deeply implementing the spirit of the instructions from the Central Committee of the Communist Party of China and the State Council regarding financial cooperation between China and Singapore, and has been continuously strengthening the interconnectivity with the Singapore gold market. Under the MoU framework, SGE and UOB will leverage their respective strengths to enhance crossborder cooperation in areas such as internationalization, trading, delivery services, and market communication, promoting the win-win development of the precious metals market in China, Singapore, and other ASEAN region.