SGX and CITIC Securities Collaborate on FICC

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Singapore Exchange Limited (SGX) and CITIC Securities have agreed to collaborate across multiple areas, including fixed income, currencies and commodities (FICC), real estate investment trusts (REITs), as well as equity, and debt capital markets. 

Under the agreement, both parties will explore the development and listing of new bond and risk management products for international participants who are looking to invest in China’s bond market.

The collaboration seeks to bring CITIC Securities’ expertise in Chinese government and financial bonds, together with SGX’s specialism in international debt securities.

CITIC Securities Chairman Zhang Youjun said, "The signing of this strategic cooperation agreement with SGX, one of Asia’s most influential exchanges, is a significant milestone for both parties. Moving forward, CITIC Securities will continue to play our part in bridging China and Singapore's financial markets. This agreement will pave the way for both SGX and CITIC Securities to deepen our collaboration in diverse areas such as the overseas issuance of Chinese bonds, ETFs, capital market development projects, commodities and related derivative products, as well as augmenting SGX's prominence and reputation in China'a capital markets."

SGX CEO Loh Boon Chye said, "We are deeply honoured to be collaborating with CITIC Securities, China's leading securities firm. The ongoing pandemic has not dampened both parties' determination in working together to develop new financial products and support China's continuous internationalisation and opening of its financial markets. Building on our strengths in pioneering and developing Asia's global REIT hub, and the growth trajectory of SGX's fixed income, currencies and commodities business, I am excited about the new possibilities that this collaboration will bring to the Asian financial markets."

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