SGX inks deal with ICBC to boost capital market links

The local bourse seeks listing of more Chinese companies.

Singapore Exchange signed a memorandum of understanding with the Industrial and Commercial Bank of China to optimise capital market links between the two economies.

According to SGX, it will work with ICBC to promote the city-state’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,” said SGX.

Aside from capital markets, SGX and ICBC will also explore collaboration in derivatives trading, bond trading and market making of RMB denominated contracts listed on SGX.