SGX to Grow Connectivity With China’s Capital Markets

The bourse has signed a memorandum of understanding with a Chinese wealth manager and asset manager GF Securities to expand its reach and services in Singapore and the region.

As part of the MOU, which was announced at the 11th Singapore-Guangdong Collaboration Council meeting, GF Securities will grow its distribution of SGX’s derivatives products, such as Chinese Renminbi futures, and facilitate access to SGX’s securities market.

The firm will also raise awareness of multi-asset investment opportunities in both markets, in particular SGX-listed real estate investment trusts (REITs) and fixed income products, an announcement on Monday said.

This collaboration with GF Securities paves the way for its clients to access the wide range of investment products and opportunities offered by SGX, thereby enhancing capital flows between China and Singapore, SGX chief executive Loh Boon Chye said about the collaboration.

GF Securities, which has been participating in SGX’s over-the-counter bond trading platform, aims to increase its FX futures and commodity derivatives trading on SGX as well as promote the listing of fixed income products on the bourse.

It said that its subsidiary, GF Securities (Hong Kong) Brokerage, plans to apply for SGX’s securities trading membership to offer its customers online brokerage services for SGX’s securities products.

Stronger financial connectivity between China and Singapore not only enables Chinese enterprises and investors branching out overseas, but also introduces RMB assets to global investors, Sun Shuming, GF Securities chairman and general manager, said