- 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 – 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.
Left to right: Joyce Teo, Senior Philanthropy Advisor, TT Foundation Advisors; Chuah Kee Heng, Chief Financial Officer, Temasek Trust; Sun Nianbei, General Manager, CCB Singapore and Su Jin, Deputy General Manager, CCB Singapore
This is the first charitable DAF1 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.
Business China’s CEO Designate, Kwek Poh Heok (back row, 2nd from left), Zhou Tao (back row, leftmost), President of CCB Chongqing Branch witnessed the cheque presentation together with representatives from CCB Singapore, Temasek Trust, and TT Foundation Advisors, as Business China’s Director Dr. Fong Yeow Wah receives the cheque on behalf of the YES programme.
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.
1DAF: Donor-Advised Fund