According to The Asian Development Bank, Asia needs to invest USD eight trillion in infrastructure development from 2010-2020 or USD 750 billion each year in order to sustain its current economic growth. India and Indonesia are projected to make significant investments over the next few years to increase their power generation capacity so as to meet domestic consumption needs. As the region continues to develop and countries strengthen economic ties with each other, local and cross-border investment in Asia’s power infrastructure is set to grow at an accelerated pace.
The introduction of China’s OBOR initiative in 2013 and the establishment of the Silk Road Fund in 2014, to support infrastructure and resource development as well as industrial and economic cooperation, has also boosted the region’s power development. At the DBS Power Conference, participants exchanged views and experiences on the opportunities, challenges and rewards that the OBOR initiative represents to Chinese companies that are considering investing in the region’s power development. Conference speakers also shared innovative financial solutions that maximise capital, capacity and technology efficiencies and insights on how both Chinese and Asian companies can better seize new energy opportunities under the OBOR initiative.
DBS project finance team from Singapore, China and Hong Kong, came together to share their expertise in the energy, chemical and infrastructure sectors with the conference participants. Coupled with the bank’s extensive regional network and Asian insights, the team, which is one of the top 10 project finance advisors in Asia Pacific, is able to deliver customized financial solutions that help customers tap on opportunities effectively.
DBS Bank (China) Chief Executive Officer Neil Ge said, “DBS Bank, previously the Development Bank of Singapore, has rich experience in managing complex project financing deals supporting infrastructure development. The DBS Power Conference is a platform where power companies, project financing experts can come together to share their knowledge and expertise in building and investing in overseas projects. We believe that China’s ‘One Belt, One Road’ initiative and the establishment of the Silk Road Fund, will help further boost the power infrastructure development in Asia. Our clients appreciate the experts’ keen insights as well as learning how the DBS’ project financing team can help them gain a foothold in the region’s power sector.”
About DBSDBS - Living, Breathing Asia
DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for seven consecutive years from 2009 to 2015.
DBS provides a full range of services in consumer, SME and corporate banking activities across Asia. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. These market insights and regional connectivity have helped to drive the bank’s growth as it sets out to be the Asian bank of choice. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 22,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.
About DBS Bank (China)
DBS Bank (China) Limited (DBS China) is a subsidiary of DBS, one of Asia’s leading financial services groups. Formerly the Development Bank of Singapore, DBS opened its first representative office in Beijing in 1993 and was among the first group of foreign banks and the first Singapore bank to incorporate in China in May 2007. Since then, DBS China has rapidly expanded its franchise across the country, currently operating out of 11 branches and 23 sub-branches and has more than doubled its staff strength to over 2,300. DBS China’s business focuses are institutional banking, global transaction services, treasury and markets, SME banking as well as consumer banking targeting the affluent segments.
DBS China is among the first batch of financial institutions and one of the first two foreign banks, to obtain approval for setting up an outlet, receive operational approval and the first foreign bank to open for business in the China (Shanghai) Pilot Free Trade Zone.
China is DBS’ key priority market. The strengths of our franchise in China have been recognized by esteemed regional and local media, government bodies and industry associations such as being conferred the ‘2014 Top 10 Successful ASEAN Companies in China’ award by the China-ASEAN Business Council (CABC); Global Finance (Stars of China: 2014 Best Corporate Bank, 2015 Best Consumer Bank, 2011 -2015 Best Treasury and Cash Management and 2014-2015 Best Trade Finance Provider among foreign banks) and The Asset (Best Wealth Manager, China, Best Structured Trade Finance Solution, China, 2014-2015). For more information, please visit www.dbs.com.cn.
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