Singapore Exchange is welcoming Haitong International Singapore, as part of its plans to strengthen the participation of Chinese investors in Singapore's capital markets.
The local subsidiary of Haitong International, a stock brokerage firm and investment bank based in Hong Kong, has joined Singapore Exchange (SGX) as a securities and derivatives clearing member and as a depository agent of the Central Depository (CDP), the bourse announced on Tuesday.
«With their presence in Singapore and strong footprint across Greater China, we look forward to working with them to enhance the distribution of our growing suite of securities and derivatives products to their network of clients, and strengthen the link between Chinese investors and capital markets in Singapore,» Chew Sutat, SGX senior managing director and head of global sales and origination, said in the announcement.
Important Partner
Haitong International Singapore's full membership of SGX means that it can further expand its scope of services and provide streamlined infrastructural services in the Greater China region.
The subsidiary has been a trading member of SGX’s securities and derivatives markets since 2014, and has completed over 20 deals in the Singapore market, including a S$170 million SGD bond issuance for a Chinese local government financing vehicle, and participated in the IPO of Sasseur Reit.
With its admission, SGX’s securities market now has 25 Trading Members and 25 Clearing Members. The Derivatives market has 60 Trading Members and 26 Clearing Members, with CDP having 49 Depository Agents.
