Singapore Exchange (SGX) and China's Taiwan Stock Exchange (TWSE) will work together to establish a cost-efficient direct link to look for cooperation potential in China, according to a joint news release by the two markets on Tuesday.
"International investors keen on Greater China opportunities are coming to Singapore and Taiwan because we are leading offshore Renminbi centers," Said Magnus Bocker, CEO of SGX. "There is therefore potential for cooperation in infrastructure and other areas so as to better serve these investors."
TWSE and SGX will look into a link which can provide members of each of the exchanges an efficient, cost-effective and direct way to trade, clear, settle and custodise stocks listed on the other exchange, the statement said, adding that any such link will be subject to regulatory approvals.
TWSE lists 814 stocks, ETFs, warrants and Taiwan Depository Receipts (TDRs), while SGX has offered MSCI Taiwan futures for 18 years. SGX also lists China A50, and AsiaClear iron ore futures, and 770 stocks including RMB shares.
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All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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