Core Viewpoint - The global trade environment has become increasingly tense, prompting many Chinese companies to shift their focus from the U.S. stock market to Singapore, where they can now list simultaneously on both the Singapore Exchange (SGX) and Nasdaq with a single prospectus starting mid-2026 [1][3]. Group 1: New Listing Opportunities - Singapore Exchange and Nasdaq have partnered to allow companies to prepare only one set of documents for dual listing [3]. - Eligible companies must have a market capitalization of at least 2 billion SGD (approximately 1.09 billion RMB) and be high-growth Asian firms aiming for global expansion [5]. - The new "Global Listing Board" platform will enable companies to list in either USD or SGD, with stocks traded on both exchanges [8]. Group 2: Regulatory Support and Market Activation - The Monetary Authority of Singapore (MAS) has allocated 30 million SGD (about 160 million RMB) to support the implementation of this initiative [10]. - MAS has reduced the trading lot size for stocks priced above 10 SGD from 100 shares to 10 shares, aiming to attract more retail investors [12]. - A new regulatory framework will be established to align with U.S. standards for prospectus requirements, simplifying the listing process [12]. Group 3: Strategic Advantages for Companies - Asian companies can now avoid the dilemma of choosing between SGX and Nasdaq, as they can access both markets with a single listing [14]. - Companies can select either SGX or Nasdaq as their primary listing venue, allowing seamless access to global trading networks [16]. - The new platform is particularly attractive for Chinese companies with core markets in Southeast Asia, enhancing their brand visibility and reducing listing costs by over 60% [17][20].

为了增强对区域内顶尖科技公司的吸引力，新加坡宣布了一项允许上市公司仅提交一套文件，便可同步在新加坡交易所和美国纳斯达克交易所挂牌的政策。 根据新交所和纳斯达克周三晚间发布的公告，新交所将在2026年中推出"全球上市板"（Global Listing Board），为市值达到20亿新元（约合人民币108亿 元）及以上的公司提供一套统一且简易的"跨太平洋融资框架"。 新上市框架和"全球上市板"旨在吸引的公司非常明确。纳斯达克CEO阿德娜·弗里德曼表示，这一双重上市桥接是"同类中的首例"，这对于在亚洲有业务、 希望获得全球曝光并获得统一监管体验的公司来说值得兴奋。 （来源：新交所集团） 也就是说，符合条件的公司只需要填写一套文件，就能同时满足两地交易所的监管要求。 新交所集团首席执行官罗文才也表示，跨越不同时区的双重上市对投资者同样有利。他说："你几乎可以全天候进行价格发现...鉴于目前的波动性，这让投 资者可以进行24小时的风险管理，同时也为投资者提供了选择，不论是以美元计价还是以新加坡元计价。" 值得一提的是，新加坡国家发展部长兼金管局副主席徐芳达也在新闻发布会期间提及，这一双重上市框架也向希望在东南亚展业的中 ...

11月18日上午，位于无锡江阴市的扬子江海事发展有限公司（简称"扬子江海事"）在新加坡证券交易所 主板成功挂牌上市。此次扬子江海事每股发行价为0.60新元，募集资金总额至少520万新元（约合人民 币2841.63万元）。 扬子江海事发展公司分拆于扬子江金融控股有限公司（简称"扬子江金控"），通过此次分拆，两家公司 将分别作为在新加坡交易所主板上市的独立平台，各自专注于差异化战略与资本运用。扬子江金控将继 续强化其投资、财富及基金管理能力；而扬子江海事则作为一个纯粹的海事投资平台，将凭借其专有项 目储备与全球网络，把握航运周期中的投资机遇，为利益相关方创造可持续价值。 扬子江船业集团目前是中国最大民营造船企业，旗下扬子江船业(控股)有限公司（简称"扬子江船业"） 是以扬子江船厂有限公司和新扬子造船有限公司为核心组建的中国大型造船企业，公司于2007年4月18 日在新加坡交易所上市，是新加坡股票交易所海峡指数股之一。 扬子江金融控股有限公司是扬子江船业（控股）有限公司分拆出的上市公司，于2022年4月28日在新加 坡证券交易所挂牌上市。 依托于集团强大的造船背景及产业优势，扬子江海事深耕海事金融服务，致力走专业化 ...

新加坡交易所：将于11月24日推出比特币和以太坊永续期货。比特币、以太坊永续期货仅面向合格 的机构投资者。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com （责任编辑：郭健东 ） ...

格隆汇11月17日｜新加坡交易所(SGX)表示，机构投资者将能够在该交易所交易比特币和以太坊永续期 货合约，此举旨在抓住数字资产日益升温的热潮。SGX周一表示，相关合约将于11月24日上线，并采用 连续合约结构。据SGX介绍，这些加密货币永续合约将以iEdge CoinDesk加密指数为基准——该指数系 列提供比特币和以太坊的实时基准价格和参考利率。与传统期货合约不同，永续期货没有到期日，可无 限期持有。这类加密衍生品允许交易者持续进行杠杆化押注，以追踪加密货币价格走势。 ...

每经AI快讯，11月17日，新加坡交易所日经指数期货开盘下跌40点，报50310点。 ...

Core Viewpoint - The Nikkei index futures on the Singapore Exchange opened with a significant increase of 250 points, reaching a level of 51,265 points [1] Group 1 - The opening increase of 250 points indicates a positive market sentiment towards the Nikkei index futures [1]

Core Viewpoint - The Singapore Exchange (SGX) has a well-structured IPO listing framework that differentiates between the Mainboard for mature companies and the Catalist for high-growth firms, allowing businesses to choose the appropriate platform based on their development stage and financial status [19] Group 1: Board Positioning and Applicable Enterprises - Mainboard targets mature businesses with stable profits or significant market capitalization, focusing on profitability records, business scale, and market position [2] - Catalist is aimed at high-growth, innovative companies, utilizing a more flexible sponsorship system that emphasizes business models, growth potential, and market recognition [2] Group 2: Core Listing Conditions - Mainboard listing requires meeting at least one of the financial tests, including cumulative profits of at least 10 million SGD (approximately 75 million RMB) over the last three fiscal years or a minimum revenue of 10 million SGD in the last fiscal year [3] - Catalist has no mandatory profit requirements, relying instead on market capitalization and sponsor evaluations, with a minimum market cap of 300 million SGD, which can be relaxed for high-quality firms [4][5] Group 3: Public Shareholding and Equity Distribution - Mainboard requires a public shareholding ratio of at least 25%, which can be reduced to 12%-20% for companies with a market cap over 3 billion SGD, subject to SGX approval [6] - Catalist mandates a public shareholding ratio of at least 20%, which can also be negotiated with the sponsor [7] Group 4: Lock-up Period for Management and Controlling Shareholders - Mainboard mandates a 6-month lock-up period for controlling shareholders (holding 30% or more), while management typically voluntarily locks up for 6-12 months [8] - Catalist also requires a 6-month lock-up for controlling shareholders, with management lock-up periods determined through negotiations with the sponsor [9] Group 5: Corporate Governance Requirements - Mainboard requires at least two independent non-executive directors on the board, with the audit committee led by independent directors [10] - Compliance requires the board to have relevant professional experience and establish clear internal control and related party transaction policies [11] Group 6: Listing Process - The core process for both Mainboard and Catalist includes preparation, application submission, hearing and feedback, roadshow and pricing, and official listing [12][13][14][15][16] Group 7: Ongoing Listing Obligations - Companies must disclose significant events promptly and adhere to financial reporting standards, with Mainboard requiring annual and semi-annual reports, while Catalist requires annual reports and quarterly updates [17]

Group 1 - The core viewpoint of the article highlights the increasing connectivity and cooperation between China and Singapore's capital markets, exemplified by the launch of the first Singapore dollar-hedged ChiNext ETF on the Singapore Exchange [2][3] - The Singapore Exchange (SGX) plays a crucial role as a bridge connecting Chinese and global capital markets, facilitating efficient participation for global investors in bilateral markets [3] - The SGX has seen a notable increase in international investor interest in the Chinese market, with a rise in trading activity across various asset classes, indicating a shift in investor sentiment towards China [4] Group 2 - The SGX has established a mechanism for cross-border ETF products, with 10 ETFs listed under this framework as of July, managing over 3 billion RMB in assets [4] - Key sectors attracting investor attention include artificial intelligence, new technologies, and consumer-related industries, reflecting the growing interest in China's advanced companies [5] - The SGX is focused on deepening cooperation with Chinese exchanges, with plans to launch more indices that track Asian growth potential, which may lead to additional ETF products [5] Group 3 - The SGX aims to support Chinese companies seeking to expand into Southeast Asia, positioning itself as a reliable platform for these firms to access international investors [6] - The ASEAN market is highlighted as a significant opportunity, projected to become the fourth-largest economy by 2030, with many Chinese companies actively pursuing this market [6] - The SGX has streamlined the IPO process, reducing the time from application to listing to approximately 6 to 8 weeks, enhancing certainty for applicants [6][7] Group 4 - Post-IPO, the SGX emphasizes ongoing investor relations and support for listed companies, ensuring long-term value growth through continuous engagement and market liquidity initiatives [8]

Core Insights - The Southeast Asian e-commerce market is rapidly growing, with Singapore emerging as a key entry point for major platforms like TikTok Shop, Lazada, Temu, JD.com, and Taobao [1] - JD.com plans to establish a logistics Real Estate Investment Trust (REIT) in Singapore, with an estimated size exceeding $1 billion, marking a significant step in its international capital strategy [3][5] Group 1: JD.com's REIT Plans - JD Property, in collaboration with Partners Group and EZA Hill Property, aims to launch a REIT in Singapore with a scale of over $12 billion (approximately 12.8 billion SGD or 71.5 billion RMB) [3] - The REIT will include high-quality logistics parks, smart warehousing bases, and industrial parks owned by JD Property in the Asia-Pacific region [3][5] - The establishment of this REIT is expected to be completed by October this year, with a potential listing on the Singapore Exchange as early as next year [3][5] Group 2: Strategic Acquisitions and Expansion - Recently, JD Property and its partners acquired four logistics assets for approximately 3.06 million SGD (about 17 million RMB) from CapitaLand [5] - The companies plan to continue expanding their footprint in Southeast Asia by acquiring more industrial and logistics assets through the REIT [7] - JD Property has invested in over 40 logistics projects across eight countries, focusing on Southeast Asia, Europe, East Asia, and the Middle East [9] Group 3: Enhanced Logistics Capabilities - JD Logistics has accelerated its logistics expansion in Southeast Asia, establishing three new self-operated overseas warehouses in Malaysia and Vietnam, and launching two direct air freight routes from China [13] - The logistics services will be upgraded to cover seven Southeast Asian countries, improving cross-border fulfillment efficiency [13] - JD Logistics aims to provide comprehensive services, including B2B/B2C warehousing, shipping, and last-mile delivery, with capabilities for next-day delivery in multiple regions [15]