Member of Parliament for Bishan-Toa Payoh GRC Josephine Teo has relinquished her position as Chief Executive Officer of Business China, an organisation that nurtures an inclusive bilingual and bi-cultural group of Singaporeans. She had held the post since July 2009 and stepped down on May 20. Mrs Teo, who will become Minister of State for Finance and Transport, will continue to serve in the Board of Directors.
Business China was officially launched on November 19 2007 by its patron, Minister Mentor Lee Kuan Yew and China’s Premier Wen Jiabao. Its mission is to nurture a bilingual and bi-cultural group of Singaporeans through the extensive use of the Chinese language to sustain Singapore’s multi-cultural heritage and develop a cultural and economic bridge linking the world and China. In a statement on Saturday, Chairman Chua Thian Poh said that under Mrs Teo’s leadership, Business China organised a series of activities to enhance Singaporeans’ capabilities to tap on the opportunities arising from China’s economic development.
In particular, she created the FutureChina Global Forum, which is an annual congregation of China experts, top government officials and business executives, as well as thought leaders around the world to provide insights and networking opportunities on China. Mrs Teo also initiated the China Learning Journeys for students to deepen their appreciation on China’s development.