By Megan Cheah
Singapore's central bank and stock-exchange operator intend to simplify requirements for China companies seeking secondary listings in the city-state.
These measures would include streamlining prospectus requirements for companies listed on the Shenzhen and Shanghai stock exchanges, the Monetary Authority of Singapore said Monday. The central bank noted that the China Securities Regulatory Commission has also expressed support for Chinese companies to secondary list in Singapore.
The announcement comes as part of Singapore's latest measures to deepen its financial cooperation with China, MAS said.
This includes the appointment of DBS Bank as the city-state's second yuan clearing bank to support the growth of the offshore yuan market and facilitate the currency's use.
DBS will also start an over-the-counter bond-market arrangement with Bank of China, providing institutional investors access to select fixed-income products on China's interbank bond market, said MAS.
Both countries also aim to deepen collaboration on indexes and exchange-traded funds product links, MAS added.
Singapore's capital markets recently got a boost following a central bank-led equities market review via the rollout of a slew of measures aimed at bolstering trading. For instance, the city-state announced a fund of 5 billion Singapore dollars, equivalent to US$3.88 billion, to be allocated to asset managers for injecting liquidity into stock trading, with a focus on small and mid caps.
The benchmark FTSE Straits Times Index has surged more than 20% year to date.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
12-15-25 2135ET
