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. SGX and ICBC will also explore working together in derivatives and bond trading as well as market-making of RMB contracts listed on SGX. The MoU was signed between Chew Sutat, head of equities and fixed income, SGX and Zhang Weiwu, general manager of ICBC Singapore. “We look forward to working with ICBC to enhance the collaboration between China and Singapore’s capital markets, supporting Chinese companies to raise capital and seek investment opportunities through Singapore, whilst also helping to further internationalise the RMB,” says Chew.

Source: The Edge Markets September 19, 2016 05:15 UTC