At the recently concluded 5th China Singapore (Chongqing) Strategic Interconnection Demonstration Project Financial Summit, a series of important achievements witnessed the cooperation between China and Singapore reaching a higher stage - signing 90 practical cooperation projects that have reached record highs. China Singapore and ASEAN countries proposed a package of major policy support measures to further deepen China ASEAN cooperation... November 7, 2015, This year marks the 10th anniversary of the initiative of jointly building the "the Belt and Road". For more than seven years, China Singapore connectivity projects have built diversified cross-border financing channels, fostered convenient new land and sea channels, constantly expanded new areas of cooperation, and promoted efficient connectivity between regions in terms of people flow, logistics, capital flow, and information flow. Each project achievement is a strong proof of the vitality of the "the Belt and Road" initiative. Building diversified financing channels to promote the "the Belt and Road" financing. At this summit, the Land and Sea New Channel Financial Services Consortium was established. 56 Chinese and foreign financial institutions, including China Development Bank, Bank of Chongqing, Singapore DBS Bank, will jointly promote cross-border financial cooperation between countries and regions along the channel and promote cross-border trade, investment and industrial development. The consortium covers over 3000 service outlets in various provinces and cities along the land sea new channel, including Chongqing, Sichuan, Guangxi, and more, and links over a thousand service outlets in countries and regions along the channel, such as Singapore and Malaysia. "Ruan Lu, Director of the Chongqing Local Financial Supervision Bureau, said, marking the initial formation of a cross regional and cross-border financial service network system covering the entire channel. The Land Sea New Channel Financial Services Consortium is one of the important achievements of this summit. At this summit, 90 signed projects with a contract amount of 111 billion yuan were reached, and the number of projects reached a record high. China, Singapore, and ASEAN countries have proposed a package of major policy support measures to further deepen China ASEAN cooperation. The Ministry of Commerce will accelerate the construction of the new land sea channel, strengthen cooperation in various fields around the high-quality development of the channel; The China Banking and Insurance Regulatory Commission will vigorously support the construction of China Singapore connectivity projects and encourage Chinese capital to further enhance local service capabilities in new financial institutions; The State Administration of Foreign Exchange will support Chengdu and Chongqing to jointly build a western financial center, optimize the centralized operation and management of multinational companies' domestic and foreign currency cross-border funds, and promote more Financial innovation policies in Chengdu and Chongqing; The Singapore Financial Regulatory Authority proposed that Singapore and Chongqing should strengthen cooperation in the future by jointly incubating the green finance demonstration zone, jointly exploring and creating the green finance market ecosystem, further coordinating the sustainable financial classification scheme of both sides, and exploring new financing structures; Several central banks of ASEAN countries have proposed to support the enhancement of regional financial connectivity through measures such as promoting the use of domestic currencies in cross-border settlements and promoting the digital development of the financial industry. The results released at this summit show that many breakthroughs have been made in the financial field of China Singapore connectivity projects - promoting the landing of Asia's first Outlets REITs project and issuing a Singapore dollar 396 million real estate investment trust project;