Singapore Exchange Sees Increased Interest from Chinese Companies
Singapore Exchange Ltd has experienced a recent increase in interest from Chinese companies looking to list on the exchange. At least five companies from mainland China or Hong Kong are planning IPOs, dual listings or share placements in Singapore over the next 12 to 18 months.
Companies Planning Listings
The following companies are planning to list on the Singapore Exchange:
- Company A (mainland China)
- Company B (Hong Kong)
- Company C (mainland China)
- Company D (Hong Kong)
- Company E (mainland China)
Exchange’s Response to Decline in New Listings
The Monetary Authority of Singapore has proposed simplifying the IPO process to boost new listings. However, analysts believe that this may not be enough to reverse the trend of delistings. The exchange’s regulatory arm has also proposed listings-related reforms.
Background
The Singapore Exchange has been struggling with a decline in new listings. The proposed reforms aim to address this issue and attract more companies to list on the exchange.