SGX Deepens Engagement With China
Singapore Exchange (SGX) today commemorated the 5th Anniversary of its Representative Office in Beijing. SGX CEO Mr Magnus Bocker hosted a dinner with Guests-of-Honour Mr Zhuang Xinyi, Vice Chairman, China Securities Regulatory Commission, Mr Teo Ser Luck, Minister of State, Ministry of Trade and Industry, Singapore and Mr Eric Teo, Deputy Chief of Mission, Embassy of the Republic of Singapore to China.
Earlier in the day, SGX and China Financial Futures Exchange (CFFEX) signed a Memorandum of Understanding (MOU) to cooperate in the development of the derivatives markets in China and Singapore. The agreement was signed between Mr Rong Zhiping, Deputy CEO, CFFEX and Mr Bocker. The MOU adds to those which SGX has signed with Chongqing, Fujian, Jiangsu, Liaoning, Shandong, Tianjin and Zhejiang, as well as the Agricultural Bank of China.
Mr Bocker said: “Being a trusted global marketplace that is ranked tops for corporate governance and located in the heart of a growing ASEAN, Singapore and SGX are strategically positioned to provide a clear advantage for Chinese companies wanting to expand their business internationally. We can be an effective bridge between markets in the East and the West.”