SGX to sign MoUs with CFA and ZJEA to reinforce partnerships in China
Date: 2018-11-05   Author: Pankaj Singh  Category: #news

SGX to sign MoUs with CFA and ZJEA to reinforce partnerships in China

Singapore Exchange Limited (SGX) will reportedly sign memoranda of understanding (MOUs) with the China Futures Association (CFA) and the Zhejiang (S) Entrepreneurs Association to further strengthen its relations with Chinese companies and markets.

SGX said that it hopes to boost greater collaboration towards developing Singapore capital market opportunities for Chinese enterprises by signing the MoU with the non-profit ZJEA. Supposedly, the ZJEA has strong links and A good reach with enterprises based in Zhejiang and in other parts of China. SGX will also renew its partnership with the CFA via the MoU to develop the derivatives markets in Singapore and China through financial market education and research.

SGX’s Chief Executive Officer, Loh Boon Chye, said that the company would be receiving opportunities with China further internationalizing and increasing its role in global capital markets. The company will keep promoting Singapore as a location of choice for Chinese companies seeking international expansion of their businesses and reinforce the role of SGX to facilitate the increasing demand from institutional investor for risk management tools and broader access to China.

ZJEA’s President, Li Guosheng, mentioned that SGX is well positioned to assist the entrepreneurs in competing on a global scale, by acting as a gateway to international markets. This agreement will bind a close partnership between Zhejiang entrepreneurs in China and SGX .

Chairman of China Futures Association, Wang Ming Wei, said that the organization is happy to continue this collaboration which will further promote the derivatives market, along with being an important milestone in its relationship with SGX. The organization seeks to closely work with SGX over the coming years with the shared mandate, for better serving their members and markets, he added.

According to market reports, the shares of SGX were down by 1.3 percent or S$0.09 at S$7.09 before it entered the midday break.



About Author


Pankaj Singh

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

More from Pankaj


Post Recommendents

Global Luxury Interior Design Market - Growth, Trends and Forecast (2020 - 2025)
Author: Sachin Pashte

MarketStudyReport.com adds Global Luxury Interior Design Market research focusing on the major drivers and restraints for the key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the...


Financial Wellness Program Market: Global Demand Analysis & Opportunity Outlook 2025
Author: Sachin Pashte

Market Study Report adds New Global Financial Wellness Program Market research providing in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, Financial Wellness Program ...


Misting Systems Market Trends and Prospects by 2025
Author: Sachin Pashte

Misting Systems market report gives attention to market segmentation, market size, and forecast of 2020-2025 to help stakeholders in making a good decision for the future investments. Misting Systems industry report segmented into types, applicati...