U.S. political and economic interests in Southeast Asia will not change regardless of who wins the presidential election in November, Singapore Minister for Trade and Industry Chan Chun Sing said Thursday evening.

Speaking during a panel discussion at the Singapore Summit virtual conference, the minister said that the U.S. is invested in the peace, security and economic prosperity across Asia and will need to continue to work with partners to secure its own interests.

"What I think people are concerned with is the posture towards China, and what we are concerned with are not issues that have to do with personalities, it’s whether there will be a fundamental misunderstanding between the establishment of both the Chinese and the American side,” he said.