CapitaLand conferred Top 10 ASEAN Enterprises Entering China Award by China-ASEAN Business Council
CapitaLand and Ascott Residence Trust Management Limited the only Singapore firms listed in the 2012 World Finance 100
Singapore, 24 January 2013 – CapitaLand Limited (CapitaLand) has been conferred the Top 10 ASEAN (Association of Southeast Asian Nations) Enterprises Entering China Award (Award) by the China-ASEAN Business Council (CABC). CABC consists of the China Council for the Promotion of International Trade; the ASEAN Chamber of Commerce and Industry; and the national business leaders, well-known
The award ceremony, graced by
The judging panel for the Award comprised the ASEAN Secretariat; the 10 ASEAN member countries’ embassies in China; Chinese embassies in the 10 ASEAN countries; as well as other Chinese authorities in consultation with the China Council for the Promotion of International Trade. Candidates for the Award were assessed in four key areas – investment volume (trade volume) in China;
He added: “It has been over 20 years since China and ASEAN established dialogue relations. As the largest real estate developer in Southeast Asia, we are pleased to leverage our domain knowledge in real estate to further strengthen China-ASEAN exchanges and contribute towards regional cultural exchange and business collaboration.”
In January 2012, CapitaLand, together with CapitaMalls Asia Limited and Singbridge Holdings Pte. Ltd., sealed the deal with the Chongqing government to invest RMB 21.1 billion (S$4.2 billion) in the city’s biggest development project in a decade and the largest single investment made by any Singapore firm in China. Designed by renowned architect Moshe Safdie, Raffles City Chongqing will comprise a shopping mall and towers for residential, office, serviced residence and hotel use, with total floor area of about 1 million square
At the end of September 2012, CapitaLand had a portfolio of assets worth over S$13 billion in China, comprising over 120 projects in more than 40 cities across the country, in key gateway cities such as Beijing, Shanghai and Guangzhou as well as other Chinese cities including Chengdu, Chongqing, Hangzhou, Ningbo, Shenzhen and Wuhan.
Launched in 2005, CapitaLand Hope Foundation (CHF) has donated over S$17 million to aid underprivileged children in Singapore and overseas. CapitaLand’s philanthropic arm in China, CapitaLand Hope Foundation (China), was established in November 2011 to coordinate
CapitaLand believes in promoting an understanding of the cultures between Singapore and overseas communities. For example, it is the Presenting Sponsor and Conservation Donor of the Giant Panda Collaborative Programme. The 10-year
Separately, for its commitment to business excellence, CapitaLand has been listed in the 2012 World Finance 100 for the first time. Ascott Residence Trust Management Limited, the manager of Ascott Residence Trust and an indirect wholly-owned subsidiary of CapitaLand, has also been listed. In Singapore, only CapitaLand and Ascott Residence Trust Management Limited made it to the listing. The annual World Finance 100