Singapore leader in an Asian fintech alliance

Singapore and Chinese city Chongqing have made a partnership under the project called Chongqing Connectivity Initiative (CCI) to implement fintech sector in both areas. As the Singapore Business Review explains, the alliance will mainly affect the Southern Transport Corridor (STC) for the connection between Western China and Southeast Asia.
Fintech is able to reduce the negative effects of the trade tensions that pose risks for Asian economies which rely heavily on global trade.