UOB Launches Entrepreneur Networking Initiative
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Banks in Asia continue to place strong emphasis on entrepreneurs, including UOB, which has launched a networking initiative for knowledge-sharing and collaboration opportunities within the segment.
Members of «The Business Circle» will be able to tap into the bank’s network of entrepreneurs to learn from one another, facilitating cross-industry, cross-border connections and collaborations.
Family firms are a significant contributor to Asia’s continued economic growth, accounting for 34 percent of the region’s gross domestic product, said Frederick Chin, UOB’s head of group wholesale banking and markets.
Having worked with businesses across generations, we know that experience, expertise, and creativity can take any business to greater heights and we want to help them in that process.
In addition to connections, The Business Circle will also run masterclasses and workshops covering topics such as diversification, digitalization, and cross-border expansion.
Overseas trips will also be organized with the first one planned Chengdu and Chongqing in November this year. The trip will allow 50 members to visit Liangjiang New Area’s Digital Economy Industrial Park and Hema, Alibaba’s tech-driven supermarket.
More than 300 business owners attended the launch of The Business Circle yesterday from Singapore, China, Indonesia, Malaysia, Myanmar, and Thailand.
Questions & Answers
Q.What is the primary goal of UOB's new networking initiative, "The Business Circle"?
What is the primary goal of UOB's new networking initiative, "The Business Circle"?
The initiative aims to facilitate knowledge-sharing and collaboration among entrepreneurs. Members can use the bank's network to make cross-industry and cross-border connections, helping their businesses grow through shared experience and expertise.
Q.What kind of resources will The Business Circle offer its members?
What kind of resources will The Business Circle offer its members?
Beyond networking opportunities, the initiative will provide masterclasses and workshops on topics like diversification, digitalisation, and international expansion. Overseas trips, such as one planned for Chengdu and Chongqing, will also be organised.
Q.Which countries were represented at the launch of The Business Circle?
Which countries were represented at the launch of The Business Circle?
Over 300 business owners attended the launch event. They came from Singapore, China, Indonesia, Malaysia, Myanmar, and Thailand, indicating a broad regional interest in the initiative.
Q.Why is UOB focusing on entrepreneurs, particularly family firms, in Asia?
Why is UOB focusing on entrepreneurs, particularly family firms, in Asia?
UOB recognises family firms as significant contributors to Asia's economic growth, accounting for 34 percent of the region’s GDP. The bank aims to support these businesses by providing connections, expertise, and resources to help them succeed.
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