SGX and ICBC Sign MOU
Under the MOU, SGX and ICBC will work together to promote Singapore’s capital markets and support Chinese companies looking to list equities or bonds on SGX, with a focus on real estate investment trusts (REITs) and offshore RMB bonds. This support will include providing guidance on the listing process, listing rules as well as post listing marketing support in both China and Singapore.
SGX and ICBC will also explore collaboration in derivatives trading, bond trading and market making of RMB denominated contracts listed on SGX.
The MOU was signed between Chew Sutat, Head of Equities and Fixed Income at SGX, and Zhang Weiwu, General Manager of ICBC Singapore branch at the ICBC hosted forum “Infrastructure Partnership and Financing in One Belt, One Road – Challenges and Opportunities”. It was witnessed by Loh Boon Chye, CEO of SGX, and Yi Huiman, Board Chairman of ICBC.