A new partnership aims to bridge the financial markets of China and Singapore so businesses and investors can seek diversification and new opportunities across asset classes.
Singapore Exchange and investment banking firm China International Capital Corporation (CICC) will jointly explore comprehensive and in-depth cooperation in fields of investment banking, equities, FICC, private equity, asset management, wealth management and research, CICC announced on Tuesday.
Under a memorandum of understanding signed last week, the two sides will «actively capture the business opportunities in deepened interconnection, cross-border capital introduction, and Chinese companies pursuing access to Singapore capital market,» the announcement said.
«Leveraging our profound knowledge in both domestic and oversea markets and rich experience in cross-border business, CICC will work closely with SGX to make our mutually beneficial partnership solid and concrete,» Zhaohui Huang, CICC chief executive, said
