The Monetary Authority of Singapore (MAS) has opened its Beijing representative office to strengthen bilateral collaboration between MAS and the People’s Bank of China (PBC), as well as with other Chinese financial authorities including China Banking Regulatory Commission (CBRC), China Securities Regulatory Commission (CSRC) and China Insurance Regulatory Commission (CIRC).

In his speech at the official opening ceremony, deputy prime minister of Singapore and chairman of MAS, Tharman Shanmugaratnam, said, "MAS sees great value in establishing a physical presence in Beijing to facilitate future cooperation and regular interactions.

This is MAS’ third overseas representative office, in addition to its offices in London and New York.

"We look forward to leverage on this milestone collaboration to deepen our financial and economic cooperation and take our bilateral relations to new heights."

The MAS Beijing representative office is headed by chief representative, Tay Hwee Ling. In her career with MAS, Ling has covered various aspects of MAS’ operations, which include insurance supervision, banking policies, human resource and strategic planning.