SGX, ICBC sign MOU to enhance capital market links between Singapore and China

SINGAPORE (Sept 19): Singapore and China capital markets looks set for a boost with Singapore Exchange (SGX) and Commercial bank of China (ICBC) signing a memorandum of understanding (MOU) to collaborate on a range of areas to enhance capital market links.

SGX and ICBC will work together in promoting Singapore’s capital markets while supporting Chinese companies looking to list equities or bonds on SGX.

The MOU will focus on REITs and offshore Renminbi (RMB) bonds, and includes providing guidance on the listing process, rules and marketing support in China and Singapore. SGX and ICBC will also explore working together in derivatives and bond trading as well as market-making of RMB contracts listed on SGX.

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