Xinglun Holdings President Li Jianhui Elected New SBF Chairman
Xinglun Holdings President Li Jianhui has been elected as the new Chairman of the Singapore Business Federation (SBF), succeeding former Chairman Teo Siong Seng, who earlier announced he would step down temporarily and not seek re-election.
SBF held its 24th Annual General Meeting on Wednesday June 24 and elected the 13th Council with a two-year term until 2028.
SBF said in a statement that the new Council comprises 24 members, including 12 elected Councilors, 11 representatives from trade associations and chambers, and one co-opted Councilor.
The new Council includes six new Councilors: Adam Click, Chairman of AmCham Singapore; Mosheng Xiang, President of the Restaurant Association of Singapore; Lee Teck Ming, Chairman of SGTech; and Suhaimi Zainul-Abidin, CEO of hedge fund Quantedge Capital.
During the AGM, SBF also held the 5th Future Ready Business Dialogue, with Guest of Honour Chan Chun Sing, Minister for Public Service and Defence.
The dialogue, themed "System-Wide Readiness: What Must Governments and Businesses Change", brought together business leaders and policymakers to discuss how enterprises can enhance resilience, build future-ready capabilities, and cope with growing uncertainties.
Li Jianhui: Ensure Businesses Stay Competitive and Resilient for Future Development
New Chairman Li Jianhui, who is also a Nominated Member of Parliament, said in the statement that geopolitical tensions, rapid AI development, and shifting trade patterns are reshaping the global economy, bringing both challenges and opportunities for businesses.
Li said: "My top priority is to ensure businesses stay competitive, resilient, and future-ready. We will work closely with businesses, government, and industry partners to develop practical solutions, foster a conducive business environment, and help enterprises build capabilities for innovation, internationalization, and sustainable growth."
He also mentioned that Singapore will chair ASEAN next year, which is a good opportunity to deepen regional economic integration and consolidate ASEAN as a key global growth engine. "SBF will work with regional partners to turn these opportunities into tangible business outcomes and promote a more connected, innovative, and sustainable ASEAN."
Li previously served as SBF Vice-Chairman and Treasurer. He also acted as Chairman during Teo Siong Seng's temporary leave of absence.
Teo, 71, said in a statement in May that he would not seek re-election after his term as SBF Chairman ended on June 24. He had earlier temporarily stepped down from his roles as SBF Chairman, Executive Chairman and Director of Pacific International Lines to deal with charges filed by the U.S. Department of Justice. Previously, Lianhe Zaobao reported that U.S. authorities alleged his involvement in manipulating dry container prices.
