Yangzijiang to trade shares in RMB on SGX's dual currency trading platform

Yangzijiang to trade shares in RMB on SGX's dual currency trading platform

    POSTED: 25 Jul 2013 1:01 PM
 
Singapore Exchange (SGX) announced on Thursday that Yangzijiang Shipbuilding will be the first company to trade its shares in renminbi (RMB) on SGX's dual currency trading platform.

SINGAPORE: Singapore Exchange (SGX) announced on Thursday that Yangzijiang Shipbuilding will be the first company to trade its shares in renminbi (RMB) on SGX's dual currency trading platform.

Yangzijiang's RMB-denominated shares will start trading on 5 August.

Magnus Bocker, CEO of SGX, said this is an exciting and positive development for Singapore as an offshore RMB centre. It also demonstrates how SGX is contributing to the infrastructure and capabilities required for issuers and investors to tap opportunities offered by China.

The exchange currently offers other services such as the listing and depository of offshore RMB bonds and the listing, quotation, trading, clearing and settlement of RMB-denominated securities.

SGX also offers China A50 index futures, the only offshore access to the China A-share market. 

- CNA/xq


- wong chee tat :)