CFLD International Sets Up Headquarters in Singapore, Signs MOU with NUS

Forbes Asia’s Fab 50 Companies, China Fortune Land Development (CFLD), sets up International HQ – CFLD International – in Singapore

Signs local MOU with NUS, CFLD’s first international education partner, to drive innovation and leverage business analytics research to address smart city industry challenges

MOU part of CFLD’s community outreach to groom industry talent

From left to right: Memorandum of Understanding (MOU) signed between NUS School of Computing Dean Professor Mohan Kankanhalli, CFLD International President Mr Jerry Zhao and NUS Business School Dean Professor Bernard Yeung Photo credit: CFLD International.

SINGAPORE, March 17, 2017 /PRNewswire/ — Leading new industry city developer China Fortune Land Development (CFLD) kickstarts its international arm — CFLD International, with its headquarters based in Singapore. CFLD International’s overall business strategy will focus on establishing a footprint outside of China, in key markets such in Africa, Europe, North America and Southeast Asia.

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Mr Jerry Zhao, President of CFLD International, said, “We chose to set up our headquarters in Singapore due to its strong and stable business environment as a global hub for innovation, technology, education and financial services among many other merits.

Furthermore, Singapore’s vision to be a Smart Nation is in line with CFLD International’s objectives of helping to develop world class ‘new industry cities’, and being a trusted partner for governments worldwide in co-creating innovative urban solutions that address global industry challenges of today and tomorrow.”

CFLD International’s first academic collaboration outside of China

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CFLD International commences its local operations with a landmark cooperation with the National University of Singapore (NUS) Business Analytics Centre (BAC), a partnership between the NUS Business School and NUS School of Computing, to uplift urban challenges in the global smart city industry. A Memorandum of Understanding (MOU) was signed between the three parties represented by signatories CFLD International President Mr Jerry Zhao, NUS Business School Dean Professor Bernard Yeung and NUS School of Computing Dean Professor Mohan Kankanhalli.

“We are very excited to partner NUS, a leading international education provider, to tackle specific social challenges and drive economic growth in activities related to the development of new industry cities throughout the region. Through this collaboration, we hope to be able to tap on synergies between both the public and private sectors to co-create innovative and integrated solutions for the future,” Mr Jerry Zhao added.

The three-year partnership between CFLD International and NUS BAC aims to boost academic research and educational training with real-time and practical applications within the industry city sector. In addition, CFLD International will provide funding for a series of programmes and projects including grants, scholarships and internship opportunities. It will also conduct joint seminars, over a three-year period, on topics relating to big data, business analytics and innovative information technologies in the areas of new industry city planning and development.

Leading the future of smart urban solutions with business analytics

One of the highlights of the MOU is the CFLD Milestone Project Series, where CFLD International will grant funding for projects for up to a three-year period. The funds will go towards supporting creative proposals that tackle social challenges and drive economic growth in activities related to the new industry city (NIC) development industry. These smart urban solutions will aid in equipping society as the global urban population stands at 54% and is expected to grow up to 1.8% in the next 13 years[1], based on figures released by the World Health Organisation (WHO).

Prof Mohan Kankanhalli said, “With the massive amount of data being generated by people and organisations today, businesses will reap immense benefits by leveraging on tools and technologies to interpret this invaluable repository of information. In this regard, the CFLD Milestone Project Series will boost the efforts of NUS BAC and CFLD in advancing research in big data, business analytics and smart cities technology to address the urban challenges tackled by the smart cities industry.”

Securing the future by investing in talent development programmes

During the partnership, CFLD International will also commit to awarding at least one CFLD Scholarship per year to students in the Master of Science in Business Analytics programme at NUS.

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In addition, a CFLD Business Analytics Capstone Internship Programme will also be established, which will enroll at least five NUS students over a three-year period to provide hands-on experience and Business Analytics-related practical training and application in issues arising in NIC development. Over the course of the three-month internship period, students would also have the opportunity to work in CFLD International offices outside of Singapore.

Prof Bernard Yeung said, “It is important that our students have the opportunity to apply their classroom knowledge to real-life issues. With a volatile and competitive business landscape, enhanced experiential learning and career development is the cornerstone of our students’ development and success during their time with NUS Business School. Our partnership with CFLD will definitely elevate our students’ exposure, and prepare them for meaningful career aspirations even after graduation.”

About CFLD International

Headquartered in Singapore, CFLD International is a global leader in providing integrated urban solutions. The company focuses on the investment, development and operation of new industry cities in key development markets across the world in various parts of Asia, Europe, North America and Africa.

Leveraging on the company’s strong track record and resources, CFLD International undertakes master planning and infrastructural development, and has transformed rural towns to urban developments, consequently enhancing the economic and social well-being of the citizens.

For more information on CFLD International, please visit

About NUS Business School

The National University of Singapore (NUS) Business School is known for providing management thought leadership from an Asian perspective, enabling its students and corporate partners to leverage global knowledge and Asian insights.

The school has consistently received top rankings in the Asia-Pacific region by independent publications and agencies, such as The Financial Times, Economist Intelligence Unit, and QS Top MBA, in recognition of the quality of its programmes, faculty research and graduates. In the Financial Times Global Rankings, the NUS MBA was ranked 26th in 2017, while the NUS-UCLA Executive MBA and Asia-Pacific Executive MBA were ranked 6th and 17th respectively in 2016.

In the biannual Forbes rankings for two-year MBA programmes, NUS Business School was ranked 7th among business schools outside the United States in 2015. Quacquarelli Symonds (QS) has also ranked the school 12th in the world for accounting and finance.

The school is accredited by AACSB International (Association to Advance Collegiate Schools of Business) and EQUIS (European Quality Improvement System), endorsements that the school has met the highest standards for business education. The school is also a member of the GMAC Council, Executive MBA Council, Partnership in Management (PIM) and CEMS (Community of European Management Schools).

For more information, please visit, or go to the Think Business portal, which showcases the School’s research.

About NUS School of Computing

NUS Computing began with the establishment of the first tertiary-level computing department in Singapore in 1975. It currently offers five undergraduate degree programmes, various double and concurrent degree programmes, as well as advanced Masters and PhD degree programmes that allow specialisations in emerging areas of importance.

Its community is comprised of 200 faculty members, 2000 students and over 15000 alumni. The excellent education students experience at NUS Computing, coupled with the reach and demand for computing talent in all fields and industries, make its graduates highly sought-after. Together, the faculty members, students and alumni engage in diverse, relevant, innovative and award winning work, and thus NUS Computing is consistently ranked as one of the world’s leading computing schools.

For more information on NUS Computing, please visit