SGX Expands Partnership With Citic Securities
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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).
Questions & Answers
Q.What specific financial areas does the expanded partnership between SGX and Citic Securities cover?
What specific financial areas does the expanded partnership between SGX and Citic Securities cover?
The collaboration encompasses fixed income, currencies and commodities (FICC), real estate investment trusts (REITs), and capital raising. They will also explore developing new bond and risk management products.
Q.What is the primary goal of the new agreement between SGX and Citic Securities regarding China's bond market?
What is the primary goal of the new agreement between SGX and Citic Securities regarding China's bond market?
The main goal is to jointly explore developing and listing new bond and risk management products. These products are intended for international participants interested in investing in China’s bond market.
Q.How will the partnership promote SGX's offerings in Mainland China and Hong Kong?
How will the partnership promote SGX's offerings in Mainland China and Hong Kong?
The partners will jointly promote SGX’s real estate investment trusts (REITs) and large-cap stocks. They also plan to educate Greater China companies on fundraising in Singapore’s capital markets.
Q.What is the current market capitalisation of Singapore's REIT and property trust markets?
What is the current market capitalisation of Singapore's REIT and property trust markets?
Singapore is one of Asia’s largest REIT and property trust markets. Its combined market capitalization is over S$85 billion, which translates to $60 billion.
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