SGX signs strategic cooperation agreement with CICC

SMM: on June 30, 2020, the Singapore Exchange (hereinafter referred to as "SGX") and China International Capital Corporation (hereinafter referred to as "CICC") formally signed a strategic cooperation agreement.

According to the agreement, on the basis of existing cooperation, the two sides will carry out all-round and in-depth cooperation in investment banking, stock business, fixed income, private equity investment, asset management, wealth management, research and other fields. and committed to promoting connectivity, strengthening the introduction of two-way cross-border financial capital and industrial capital, and promoting Chinese enterprises to be listed on the Singapore Stock Exchange.

Huang Zhaohui, CEO of CICC, said: "the conclusion of comprehensive strategic cooperation between CICC and SGX is of great significance for CICC to deepen its international strategic layout. Relying on its deep understanding of domestic and foreign markets and rich experience in cross-border business, CICC will join hands with the Singapore Exchange to promote mutually beneficial and win-win cooperation across the whole line of business. take practical actions to make positive contributions to further promoting the connectivity, prosperity and opening up of the capital markets of China and New Zealand. "

Luo Wencai, CEO of SGX, said: "We look forward to establishing a partnership with CICC to serve as a bridge between the financial markets of China and Singapore and to help companies and investors seek diversification and new opportunities across asset classes. With CICC's experience and deep customer influence in China and international markets, we will work together to free up financing and investment opportunities for companies and investors from China and other regions.

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