On 31 August 2018, the Chief Justice of the PRC Supreme Court and his Singapore counterpart signed the Memorandum of Guidance between the Supreme People's Court of the People's Republic of China and the Supreme Court of Singapore on Recognition and Enforcement of Money Judgments in Commercial Cases (the "Memorandum") during the second China-Singapore Legal and Judicial Roundtable held in Singapore. The signing of the Memorandum is of landmark significance in the area of cross-border civil and commercial dispute resolution, which deserves the attention of the business community and legal professionals. In this article, we intend to introduce, interpret and comment on the main contents of the Memorandum on the basis of the existing legal provisions and judicial practice with respect to the recognition and enforcement of foreign civil and commercial judgments.