SGX Expands Partnership With Citic Securities

The collaboration covers fixed income, currencies and commodities (FICC), real estate investment trusts (REITs), and capital raising.

Singapore Exchange (SGX) and Citic Securities, China’s largest securities firm, will jointly explore the feasibility of developing and listing new bond and risk management products for international participants who are looking to invest in China’s bond market, under a new agreement signed between the two parties on Wednesday at a virtual ceremony.

The ongoing pandemic has not dampened both parties’ determination in working together to develop new financial products and support China’s continuous internationalization and opening of its financial markets, SGX CEO Loh Boon Chye said about the agreement.

The partners will also jointly promote SGX’s real estate investment trusts (REITs) and large-cap stocks in the Mainland China and Hong Kong markets, as well as engage and educate Greater China companies on the benefits of raising funds in Singapore’s capital markets, the announcement said.

Singapore is one of Asia’s largest REIT and property trust markets, with a combined market capitalization of over S$85 billion ($60 billion).