DBS Bank has signed a memorandum of understanding (MoU) with the China Council for the Promotion of International Trade (CCPIT), one of China's largest trade organizations, to enhance foreign investment and trade connections among China, Singapore, and the ASEAN region. This collaboration aims to facilitate Chinese enterprises in their efforts to internationalize their businesses through DBS’s Foreign Direct Investment unit.

The initial focus of the MoU will be on key industries such as logistics and e-commerce, with plans to expand into other significant growth sectors in the future. Both DBS and CCPIT share common objectives, including strengthening regional supply chains, fostering job creation, and accelerating sustainable development.

Additionally, DBS’s regional clients will benefit from access to CCPIT’s extensive network, aiding their expansion efforts into the Chinese market. Founded in 1952 under China’s Ministry of Commerce, the CCPIT plays a vital role in planning and implementing strategies to promote trade, investment, and economic cooperation between China and the broader region.

DBS Bank Limited is a multi-national banking and financial services company based in Singapore, with its headquarters located at the Marina Bay Financial Centre in the Marina Bay area of Singapore. DBS was originally named The Development Bank of Singapore Limited, from which "DBS" was taken, until it changed its name on July 21, 2003 to show its international banking status. It is one of Singapore's top three banks, along with OCBC and UOB.