Singapore Exchange (SGX) further enhanced ties with China by entering into a Listing Memorandum of Understanding (MOU) with the Shandong Finance Office Tuesday.
Under the MOU, SGX and the Shandong Finance Office will co-operate to develop communication channels and foster continued ties in areas including information exchange and the listing of more Shandong companies on SGX.
Shandong Finance Office is the government body which drives the financial development of the province and helps Shandong businesses in their structuring and fund-raising plans.
Of the 144 Chinese companies listed on SGX, 17 are from Shandong, making it one of the top three originating provinces for such companies.
“We look forward to a closer working relationship to help more Shandong companies understand our market environment and offering so as to enable them to tap the Singapore capital market,” said SGX head of listings Lawrence Wong.
SGX also has MOUs with Chongqing, Fujian, Jiangsu, Liaoning, and Zhejiang, as well as the Agricultural Bank of China.