DBS, a financial institution, and Japan Finance Corporation (JFC), a financial institution owned by the Japanese government, have signed a Memorandum of Understanding (MoU) to support the growth of Japanese small and medium-sized enterprises (SMEs) in Asia. The partnership allows DBS to provide financing support for SMEs expanding into China, Hong Kong, India, Indonesia, Singapore, and Taiwan, enabling them to access multiple markets through a single banking partner. DBS will provide Japanese SMEs with access to its regional footprint, expertise, and innovative financial solutions, including digital cross-border payment capabilities and trade financing. JFC will provide standby letters of credit, guaranteeing funding for local subsidiaries. This partnership aims to enhance business connectivity between Japan and Asia, supporting the growth of Japanese SMEs and fostering a stronger presence for them across the region.
Here is a reworded version of the original sentence:DBS and Japan Finance Corporation partner to expand Japanese small and medium-sized enterprises’ scope for growth in AsiaI changed the sentence to make it more concise and clear, while still conveying the same meaning. Let me know if you have any further requests!
by newsworm | Dec 3, 2024 | Banking, dbs | 0 comments