China Construction Bank Establishes CCB SG Vision Foundation with TT Foundation Advisors
- CCB becomes the first Chinese financial institution in Singapore to collaborate with TT Foundation Advisors on philanthropy
- The Foundation has made its first contribution to Business China to support the Youth Intern Exchange Scheme (YES) under the "YES – China Construction Bank Award", promoting bilateral exchange between young interns from Singapore and China
- The Foundation will also collaborate with other philanthropic platforms to support sustainable growth in Singapore and the region
SINGAPORE, June 12, 2025 /PRNewswire/ -- China Construction Bank Corporation ("CCB") Singapore Branch, in collaboration with TT Foundation Advisors ("TTFA") - the philanthropy advisory arm of Temasek Trust - announced the launch of the CCB SG Vision Foundation ("the Foundation") today at the 2025 Land-Sea Economic Forum, held during the China-Singapore Financial Summit in Singapore.
This is the first charitable DAF[1] foundation that CCB has established overseas, and CCB has become the first Chinese financial institution to partner with TTFA in Singapore. Operating through a DAF model, the Foundation will support a wide range of projects in areas such as education, healthcare, and environmental protection. By sharing resources and promoting collaboration, the Foundation aims to contribute to a more inclusive, equitable, and sustainable society. CCB will also share the latest insights and best practices in the local and regional philanthropic space with business partners and clients, and support them in joining efforts with CCB in giving back to society.
TTFA, as a professional provider of philanthropic advisory and management services, will offer the Foundation a comprehensive suite of services, including strategic planning, project management, impact evaluation, and partner engagement. In the future, the Foundation will also collaborate with other platforms, such as Co-Axis – a digital impact marketplace – and connect with global philanthropic resources and partners to enable cross-sector, cross-border synergies in philanthropy.
The Foundation's inaugural donation will support the Youth Interns Exchange Scheme (YES) between Singapore and China. YES, launched in 2019, is Singapore's first government-level bilateral internship exchange initiative. It is jointly supervised by Singapore's Ministry of Education and China's Ministry of Human Resources and Social Security, and managed by Business China in Singapore and the National Talent Mobility Centre in China respectively. The programme aims to foster cultural exchange and groom talents with a global perspective, by helping the young interns in gaining a deeper understanding in the culture, economy and society of the other country.
Sun Nianbei, General Manager of China Construction Bank Corporation Singapore Branch, commented: "Singapore has established a solid institutional framework and incentive mechanisms for philanthropy, with a strong public consensus around giving. Temasek Trust plays a pivotal role in Singapore's philanthropic ecosystem, not only providing funding but also driving innovation and empowerment. With the spirit of "finance for good" in our mission, CCB is keen to learn from advanced, well-governed charity models and adopt the best practice that Temasek Trust has provided. As we celebrate Singapore's 60th anniversary and the 35th anniversary of diplomatic relations between China and Singapore, we are pleased to launch the Foundation with TT Foundation Advisors as a valuable partner. This gives us confidence in enhancing the effectiveness of our philanthropy efforts, and making meaningful contribution to the society."
Dickson Lim, Head, TT Foundation Advisors, said: "We are honoured to partner with China Construction Bank on their first overseas charitable DAF foundation. At TT Foundation Advisors, we enable strategic, purpose-driven philanthropy to help our clients amplify their impact, supported by our networks across the Temasek Trust ecosystem and beyond. By building trusted platforms and collaborating with like-minded partners, we aim to unlock capital for good and drive lasting change in communities."
Chief Executive Officer (Designate) of Business China, Ms Kwek Poh Heok, said, "The YES – China Construction Bank Award reflects a meaningful partnership among Business China, China Construction Bank (CCB), and TT Foundation Advisors. The inaugural donation from the CCB SG Vision Foundation advances cross-cultural and professional development opportunities for both Singapore and Chinese interns – enabling Singaporeans to intern in China and welcoming Chinese interns to gain experience in Singapore. Through this award, we aim to nurture more youth equipped with a deeper understanding of both Singapore and China through mutual exchanges and collaboration."
[1] DAF: Donor-Advised Fund |
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For the Editors
About China Construction Bank Corporation
China Construction Bank Corporation, headquartered in Beijing, is a leading large-scale commercial bank in China. Its predecessor, People's Construction Bank of China, was established in October 1954. It was listed on Hong Kong Stock Exchange in October 2005 (stock code: 939) and Shanghai Stock Exchange in September 2007 (stock code: 601939). At the end of 2024, the Bank's market capitalisation was approximate US$212,427 million, ranking sixth among all listed banks in the world. The Bank ranks second in "Top 1000 World Banks Ranking" in 2024 by The Banker magazine and second in the "Top 500 Banking Brands" by Brand Finance.
The Bank provides customers with comprehensive financial services, including corporate finance business, personal finance business, treasury and asset management business and others, serving 771 million personal customers and 11.68 million corporate customers. Moreover, it has subsidiaries in various sectors, including fund management, financial leasing, trust, insurance, futures, pension and investment banking. At the end of 2024, the Group had 376,847 staff members and 14,750 operating entities.
China Construction Bank Corporation, Singapore Branch ("CCB Singapore" or the "Branch") commenced business in 1998 under an offshore banking licence, which was upgraded to a wholesale banking licence in 2010. In December 2020, CCB Singapore was awarded a Qualifying Full Bank ("QFB") licence by the Monetary Authority of Singapore, allowing the Branch to offer a full suite of banking products and services to the Singapore market.
Under the QFB licence, the Branch delivers dedicated, professional services through its five business centres, namely, the Commodities Trade Financing Centre, the Infrastructure Financing Service Centre, the Investment Banking Transaction Centre, the Private Banking Centre and the FinTech Innovation Centre. These five centres are collectively the driving force for the Branch's business growth in Singapore and the region. Tapping onto CCB Group's vast client network and strong capabilities in Fintech innovation, CCB Singapore is committed to building an integrated, cross-border financial service platform that serves our clients in Singapore and China, as well as countries participating in the "Belt and Road Initiative" and along the "New International Land-Sea Trade Corridor".
For more information, please visit www.ccb.com
About TT Foundation Advisors (TTFA)
TT Foundation Advisors is an independent professional philanthropy services advisory arm of Temasek Trust. It provides specialised philanthropy advisory and management services to philanthropic foundations, family offices, business corporations, philanthropists, and charities. It taps on Temasek Trust's insights, capabilities, and resources, as well as the expertise and evidence-based interventions across the wider philanthropic ecosystem, to deliver strategic and impactful solutions for its clients. For more information, please visit www.ttfa.sg. Follow TTFA on LinkedIn for the latest updates.
SOURCE China Construction Bank Corporation
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