Export Development Canada Sets up New and First Financing Branch in Singapore, Forecasting Significant Growth in New Loans for Chinese Companies - Seite 2

Mr. Liew was appointed as the new Chief Representative in China on June 1^st, 2017, following four years as Chief Representative for Southeast Asia in Singapore. While in Shanghai, he will be responsible for all of EDC's activities in the market.

"China's economy keeps expanding at a phenomenal rate, and growing Chinese companies need capital to support their growth aspirations and trade focused business," added Mr. Liew. "EDC offers corporates in Asia a stable, global-scale financier with a long-term partnership horizon. Not only do we provide financing, but we can help your company reduce costs, be more productive, and more innovative by introducing relevant Canadian technology and expertise."

Key sectors of interest for EDC in China are clean technology, aerospace, automotive, and healthcare.

"Both EDC and the Government of Canada recognize the importance of the Chinese market and has made it a priority to enhance bilateral trade and investment in the country," said Mr. Liew. "Our new Singapore branch reflects this priority and I am thrilled to be playing a leading role in the growth of this mutually beneficial relationship."

Mr. Liew joined EDC in 2008 and has extensive experience in business development, risk assessment, credit underwriting and international trade financing. He was appointed as Chief Representative for Southeast Asia in March 2013, where he has been responsible for the overall market coverage strategy for EDC in the ASEAN region. Before joining EDC, Chia Wan spent 15 years serving a wide variety of roles with increasing responsibilities in international financial institutions in Canada, Malaysia and Singapore.

EDC has been active in China since 1979, making it the first export credit agency to establish business ties in China. EDC has permanent representations within Canadian foreign missions in Beijing, Shanghai, Jakarta, Mumbai, Delhi, Bogotá, Rio de Janeiro, São Paulo, Lima, Mexico City, Monterrey, Santiago, Moscow, Johannesburg, Dubai, Istanbul, London, and Düsseldorf.

About EDC 

EDC is Canada's export credit agency, providing financial services for companies that buy from Canadian companies, or those that have Canadian supply and services in their corporate value chains. EDC's financing can be used for capex and/or project finance requirements, either through bilateral or syndicated corporate facilities. Operating on commercial principles, EDC has a partnership-preferred philosophy to collaborate with private-sector financial institutions to share risk and create greater capacity for Canadian trade transactions. EDC is committed to Corporate Social Responsibility, and it takes into account the environmental and social impacts of its transactions.

For media enquiries, please contact:

Elise Dedekam
Export Development Canada (EDC)
[e-mail]
[phone]

Peter Guo
Hill+Knowlton Strategies, Shanghai