Sou Hu Cai Jing·2025-11-20 11:29Core 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].