China enters Asia’s most international market, SGX

Market participants in mainland China will have real-time access to prices in Asia’s most international market.


Mainland China has gained new access to securities market data through the Singapore Stock Exchange (SGX), following a partnership with China Investment Information Services, a subsidiary of the Shanghai Stock Exchange (SSE).

The agreement includes the real-time distribution of SGX’s mainland Chinese securities market data, providing investors with access to data on listed companies across a wide range of industries.

SGX’s REITs (S-REITs) and real estate trusts are a particularly attractive investment product for Chinese investors.

Singapore has the second largest REIT market with 42 S-REITs and real estate trusts in Asia, with a combined market capitalization of over S $ 110 billion.

Market participants in mainland China will have real-time access to prices in Asia’s most international market.

China Investment Information Services will be responsible for the distribution, marketing and sales of key data of SGX securities to market data providers, brokers and media channels in China. Singapore Exchange will support the initiative with on-the-ground investor training.

Ng Kin Yee, Managing Director, Head of Data, Connectivity and Indices at SGX, said, “Market participants need reliable and timely information to make investment decisions, and we are delighted to offer our international offers to investors in China. As we expand our partnership with SSE, we look forward to strengthening the link between Singapore and Chinese capital markets and further supporting China’s internationalization efforts.

Wang Wei, Managing Director of China Investment Information Services Ltd, said, “We are very happy to cooperate with Singapore Exchange. We hope that by using more market information products, Chinese market participants will have a better knowledge and understanding of portfolio management. We also look forward to strengthening our partnership and exploring new collaborations in other areas.

In October, the China Banking and Insurance Regulatory Commission approved Goldman Sachs’ plan to acquire a controlling stake in its mainland securities firm, becoming the last world bank to benefit from Beijing’s pledge. relax restrictions on foreign ownership.

UBS was the first foreign-controlled brokerage firm approved by the securities regulator to increase its stake in a local joint venture to majority stake since the implementation of the relaxed rules in late 2017.

JPMorgan has applied to win an auction to buy the shares needed for a controlling 70% stake in its Chinese futures joint venture. The lender was bidding for an additional 20% stake in its mainland company, JPMorgan Futures Co., a joint venture between the bank and its local partner.

China has repeatedly pledged to open up its financial markets, including allowing foreign companies to own up to 51% of their securities firms, up from 49% previously.

In September, Colt Technology Services expanded its portfolio of market data services to integrate mainland China across seven exchanges.

The company’s market data services are now available directly from the Hong Kong Stock Exchange (HKEX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), China Financial Futures Exchange ( CFFEX) and Zhengzhou Commodity Exchange (ZCE).

Market data services for the Shanghai Futures Exchange (SHFE), Dalian Commodity Exchange (DCE) and Shanghai International Energy Exchange (INE) will be added in the third quarter of 2021.

Colt is already well established in Europe, North America and Asia as it provides comprehensive market data coverage for stock, futures and commodities exchanges.

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