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SGX and ICBC sign MOU

First Published 19th September 2016

Singapore Exchange and Industrial and Commercial Bank of China partner to enhance capital market links between Singapore and China.

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 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.