At that time, the annual throughput of Singapore, the largest port in the world, exceeded10 million TEUs. Singapore can become the largest port in the world because goods from Africa and Europe pass through the Straits of Malacca from Chinese mainland, Japan, South Korea, North Korea, Taiwan Province Province, Hong Kong, Macao and even the Russian Far East. Because on the one hand, the freight rate of big ships is much lower than that of small ships, on the other hand, because big ships are too big, the destinations of goods on board are often not single, and many ports can't dock big ships (such as Shanghai). Therefore, shippers often choose to transship in Singapore. It is to transport the goods to Singapore first, and then transfer them to a small boat in Singapore and transport them to yourself. This is because the distance between Singapore and Chinese mainland, Japan, South Korea, North Korea, Taiwan Province Province, Hongkong, Macau and Russian Far East is almost equal. Moreover, it is the only place for big ships, and Singapore is a free trade port. Therefore, even if Chinese mainland's futures trading is in Shanghai, the delivery place of the goods is still in Singapore. Almost all commodities listed on the Shanghai Futures Exchange are delivered in Singapore. The annual futures delivery in Singapore alone exceeds $2 trillion. As we all know, the center of logistics must be the center of capital flow, and the center of capital flow must be the center of finance; A financial center will certainly give birth to a business center, a life center and a service center. In order to handle their own goods, banks around the world need to set up branches in Singapore. In a country with a population of less than 5 million, there are thousands of foreign banks, and banks need hundreds of thousands of employees, while the industry serving finance needs more people. This is the fundamental reason for Singapore's development.