SGX Expands Partnership with CITIC Securities

Singapore Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Limited (SGX) and China’s largest brokerage, CITIC Securities, yesterday signed a wide-ranging strategic cooperation agreement to collaborate across multiple areas, including fixed income, currencies and commodities (FICC), real estate investment trusts (REITs), as well as equity, debt capital markets and more.

Under the agreement, which was signed at a virtual signing ceremony yesterday, both parties will explore the feasibility of developing and listing new bond and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term products for international participants looking to invest in China’s bond market.

The new expanded partnership builds on the existing relationship between SGX and CITIC Securities, with businesses spanning from securities brokerage, investment banking, fixed income, securities finance, equity derivatives and asset management.

The collaboration seeks to bring CITIC Securities’ expertise in Chinese government and financial bonds as well as asset-backed securities, together with SGX’s debt securities platform, the most international in Asia with 80% of the total listed bonds from foreign issuers.

REIT focus

Both parties will also jointly promote SGX’s real estate investment trusts (REITs) and large capitalisation stocks in the Mainland China and Hong Kong markets, as well as engage and educate Greater China companies on the advantages of raising funds in Singapore’s capital markets.

The collaboration also seeks to build out the REIT platform with new products that can enable greater investor participation in Singapore and Greater China.

CITIC Securities Chairman Zhang Youjun said that the signing of this strategic cooperation agreement with SGX, one of Asia’s most influential exchanges, is a significant milestone for both parties.

“We are deeply honoured to be collaborating with CITIC Securities, China’s leading securities firm. The ongoing pandemic has not dampened both parties’ determination in working together to develop new financial products and support China’s continuous internationalisation and opening of its financial markets,” SGX CEO Loh Boon Chye says.