Member of Parliament Lee Yi Shyan has been appointed the new chairman of Business China. He assumed the post yesterday.
Mr Lee, executive adviser of OUE, takes over from Mr Chua Thian Poh, chairman and chief executive officer (CEO) of Ho Bee Land, said the business networking group in a statement. Mr Chua is the founding chairman of Business China and has served for three terms, for a total of nine years.
MP Sun Xueling remains CEO of Business China.
Mr Lee, formerly senior minister of state for trade and industry, and national development, has been on the Business China board since 2007, when it was set up.
Nine new board members were also appointed. There are three new board advisers: Minister in the Prime Minister's Office Chan Chun Sing; Acting Minister for Education (Schools) Ng Chee Meng; and Acting Minister for Education (Higher Education and Skills) Ong Ye Kung.
There are six new board directors: Minister of State for National Development, and Trade and Industry Koh Poh Koon; Minister of State for Communications and Information, and Health Chee Hong Tat; Deputy CEO of Singapore Press Holdings Anthony Tan; CEO of South China Morning Post Robin Hu; CEO of MTQ Corporation Kuah Boon Wee; and founder of Stanway Capital Tan Ser Ping.
Prime Minister Lee Hsien Loong, patron of Business China, said of Mr Chua: "Thian Poh has set Business China on a firm footing, starting from scratch. He has established an organisation that is well-recognised and respected in its areas of work. Business China's achievements today will not have been possible without Thian Poh's hands-on involvement, astute judgment and total commitment."
Mr Lee also thanked outgoing advisers former deputy prime minister Wong Kan Seng, Coordinating Minister for Infrastructure Khaw Boon Wan and Manpower Minister Lim Swee Say, as well as other outgoing board members.
Set up by founding prime minister Lee Kuan Yew in 2007, Business China is a non-profit organisation that aims to nurture bilingual and bicultural Singaporeans who can build cultural and economic ties between the world and China.