Core Insights - The article discusses the pathways for Chinese companies to list in Singapore, focusing on the listing structure and regulatory requirements [2][31]. Group 1: Singapore Listing Structure - The listing structure for Chinese companies in Singapore includes two main categories: direct listing and indirect listing [4]. - Direct listing refers to Chinese companies issuing shares on the Singapore Exchange (SGX) as "S-shares," exemplified by companies like YZJCY and HNHT [4]. - Indirect listing involves companies primarily operating in China listing under a foreign entity, which can be further divided into "red-chip structure" and "VIE structure" [5]. Group 2: Singapore Listing Pathways - The main pathways for listing on the SGX include Initial Public Offering (IPO), secondary listing, SPAC listing, and reverse takeover [7]. - IPO is the most common method for companies to enter the capital market, with specific rules outlined for SGX [7]. - Secondary listing allows companies already listed on other exchanges to list on SGX while maintaining their primary listing status [8]. - SPAC listings were introduced to enhance market activity, allowing companies to raise funds through IPOs for business combinations [10]. - Reverse takeovers involve acquiring a shell company to achieve a listing, subject to strict regulatory scrutiny [18][19]. Group 3: Key Considerations for Chinese Companies - Chinese companies must understand the regulatory framework and filing processes when preparing for a listing in Singapore [20]. - Companies need to comply with the China Securities Regulatory Commission (CSRC) requirements for overseas listings, including obtaining necessary approvals [21][25]. - Foreign investment regulations and the choice of listing structure are critical, especially concerning the negative list of foreign investment [27]. - Cybersecurity and data security assessments are essential for companies with significant user data when planning to list abroad [28][29].

Group 1 - The conference titled "Cross-Border Leap: Setting Sail for the Future" focused on the strategies for Chinese companies to list abroad amid global changes, with over 200 participants including economists, exchange representatives, and legal experts [1] - Beijing DeHeng Law Firm emphasizes its comprehensive legal services for companies in hard technology, new consumption, and green energy sectors, leveraging its strategic positioning and collaboration with overseas offices [1] - Tsinghua University's National Institute of Financial Research highlights the need for an inclusive environment to foster innovation, advocating for corporate venture capital and a robust legal framework to support high-quality economic development [1] Group 2 - DeHeng's Deputy Director stresses the importance of aligning listing paths with company positioning, navigating international regulatory changes, and ensuring compliance through structural optimization and risk assessment [2] - The firm’s Executive Director concludes that the rule of law is fundamental to market vitality, and reform and opening-up are essential for Chinese enterprises to expand internationally [2] - The Hong Kong Stock Exchange has introduced diverse listing options for companies with different structures, including a dedicated service for technology innovation firms to facilitate their listing process [1]

Group 1 - The global economic landscape is undergoing significant adjustments, with new characteristics in cross-border capital flows, creating opportunities for Chinese companies to list abroad [2] - The "Belt and Road" initiative's tenth anniversary has led to deepening economic cooperation between China and regions such as Central and Eastern Europe and Africa, providing diverse market options for companies [2] - HDS Huadong Securities hosted the "2025 China Enterprises Overseas Listing Global Forum" to facilitate strategic connections for Chinese companies transitioning from local operations to global capital markets [2] Group 2 - The forum featured international guests, including ambassadors and economic advisors, who discussed new opportunities for cross-border cooperation [3] - The Bosnian ambassador highlighted the country's strategic position in Southeast Europe and its potential for Chinese companies in green energy and infrastructure [5] - The Sierra Leone deputy ambassador emphasized Africa's resource advantages and infrastructure projects as attractive investment opportunities for Chinese enterprises [7] - The North Macedonian economic advisor pointed out the country's low tax rates and its role as a market hub for green energy investments [9] - The chairman of the French Global SME Alliance discussed the support pathways for small and medium enterprises in Europe under the EU's "Green New Deal" [11] Group 3 - HDS Huadong Securities' chairman discussed the current state of the global capital market and the trends in IPOs, indicating that Chinese companies are entering a new phase of strategic opportunities and compliance challenges for overseas listings [13] - The chairman emphasized the importance of leveraging capital to overcome industry challenges and regain market influence, highlighting attractive policies from various global capital markets [13] - The former deputy director of the China Securities Regulatory Commission and other experts provided a framework for understanding the strategic and compliance aspects of overseas listings [15] - The forum successfully established a dialogue bridge between international capital and Chinese enterprises, outlining a clear path for overseas listings amid the deepening integration of the global economy [15]