Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 6 July 2012, 08:00 HKT/SGT
Share:
    

Source: Singapore Exchange (SGX)
SGX Ready to Trade RMB Securities

SINGAPORE, July 6, 2012 - (ACN Newswire) - Singapore Exchange (SGX) announced today it is ready to list, quote, trade, clear and settle securities denominated in Chinese Renminbi (RMB).

The initiative enhances opportunities for issuers and investors keen to participate in the internationalization of the RMB and the robust Chinese economy. SGX's addition of RMB securities trading complements the offshore RMB bonds already listed on the exchange. SGX is also the world's first exchange to offer the clearing of OTC FX forwards for RMB.
Issuers listing RMB securities on SGX can also choose to offer dual currency trading, giving their investors the flexibility to trade the security either in RMB or Singapore dollars.

"SGX, as the Asian Gateway, is committed to being the exchange of choice for issuers with RMB fund-raising needs and for investors who are keen to participate in the China growth story. The listing and trading of RMB securities on SGX will also extend Singapore's position as an offshore RMB centre," said Mr Magnus Bocker, CEO of SGX.

The initiative expands the suite of foreign currencies supported by SGX which currently includes the Australian Dollar, Hong Kong Dollar and US Dollar.


About Singapore Exchange (SGX)

Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia's most international exchange with about 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world's biggest offshore market for Asian equity index futures, centred on Asia's three largest economies - China, India and Japan.

In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia's pioneering central clearing house. Headquartered in Asia's most globalised city, and centred within the AAA strength and stability of Singapore's island nation, SGX is a leading Asian counterparty for the clearing of financial and commodity products. For more information, please visit www.sgx.com.

Contact:
Loh Wei Ling
Communications
Tel: +65 6236 8157
Email: loh.weiling@sgx.com

Carolyn Lim
Communications
Tel: +65 6236 8139
Email: carolyn.lim@sgx.com


July 6, 2012 08:00 HKT/SGT
Source: Singapore Exchange (SGX)

Topic: Production report
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Singapore Exchange (SGX)
Oct 25, 2017 16:30 HKT/SGT
SGX-Listed Developers Astaka Holdings, Hatten Land presented at Investor Seminar hosted by SGX and WeR1
Oct 25, 2016 16:30 HKT/SGT
Medical Services Group HC Surgical Specialists Launches Initial Public Offer at S$0.27 Per Share
Oct 5, 2016 18:30 HKT/SGT
Six SGX-Listed SMEs Present at 'Discovering Value in SGX Small Caps' Investment Seminar
May 28, 2015 18:00 HKT/SGT
More Search Firms Partnering Singapore's Diversity Action Committee in Pro-Diversity Effort
May 22, 2015 19:00 HKT/SGT
Singapore Exchange (SGX) and Zhengzhou Commodity Exchange (ZCE) Seal Collaboration with MOU
Apr 22, 2015 18:00 HKT/SGT
Singapore Exchange (SGX) sees another Quarter of Growth with Net Profit of $88 million
Apr 17, 2015 12:30 HKT/SGT
Bank of China, BOC International Holdings and SGX Expand Collaboration on Renminbi and Market Developments
Mar 3, 2015 13:00 HKT/SGT
MAS and SGX Facilitating Cross-Border Capital Raising in ASEAN
Jan 21, 2015 17:40 HKT/SGT
SGX 2Q Net Profit at $87 Million
Dec 29, 2014 13:00 HKT/SGT
SGX's Next-generation Derivatives Trading and Clearing Platform to use Nasdaq Technology
More news >>
 News Alerts
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: