Singapore Exchange seeks more listings from China with agreement

Business Materials 3 November 2008 14:06 (UTC +04:00)

Singapore Exchange Ltd on Monday signed an agreement with the government of China's south-eastern coastal province of Fujian to promote the listing of Fujian companies on the Singapore market, reported dpa.

Twenty-one Fujian firms with a total market capitalization of 4.2 billion Singapore dollars (2.86 billion US dollars) are already listed on the Singapore Exchange.

Fujian's Development and Reform Commission Office agreed to provide guidance to companies that wish to list in Singapore and facilitate regulatory checks and approvals from Chinese authorities, the exchange said.

Collaborating with selected China provincial and city governments is part of the Singapore Exchange's listings strategy to attract quality companies to list in Singapore, said the exchange's executive vice president and head of listing, Lawrence Wong.