2025年12月15日，第21届中新双边合作联合委员会（JCBC）会议在重庆举行。在本次会议上，双方共 同推出了多项举措，希望借此加强双方在金融与资本市场领域的合作。 2025年12月15日，第21届中新双边合作联合委员会（JCBC）会议在重庆举行。中共中央政治局常委、 国务院副总理丁薛祥与新加坡副总理兼贸工部长颜金勇共同主持会议。 在本次会议上，双方共同推出了多项举措，希望借此加强双方在金融与资本市场领域的合作。 这些举措包括： 1. 指定星展银行（DBS）作为新加坡第二家人民币清算行。继中国工商银行新加坡分行于2013年被指定 为新加坡首家人民币清算行后，中国人民银行决定授权星展银行为新加坡第二家人民币清算行，支持新 加坡离岸人民币市场的进一步发展，并根据区域需求，促进人民币在贸易、投资及其他经济活动中的使 用。 2. 支持A股公司在新加坡交易所（SGX）进行二次上市。新加坡金管局与中国证券监督管理委员会 （CSRC）表示，支持中国公司在新加坡二次上市，助力此类公司获取国际资本，并为其区域业务拓展 提供额外的融资渠道。为此，新加坡金管局与新交所将扩展二次上市框架（包括简化招股书要求），以 涵盖在深圳证券交 ...

Group 1 - The Singapore Exchange (SGX) has launched the CSI SGX Asia Select 100 Index Series, expanding its benchmark index system focused on Asia, providing diversified exposure to the largest companies in the region [1] - The new index series tracks the performance of 100 large enterprises across Asian markets, including mainland China, Hong Kong, India, Indonesia, Japan, South Korea, and Singapore [1] - The index series consists of four underlying sub-indices, covering both developed and emerging Asian markets, and includes onshore Chinese stocks [1] Group 2 - Ng Yao Loong, head of equity at SGX, stated that global investors are increasingly seeking differentiated investment opportunities in Asian markets, and the new index series provides a transparent and rules-based framework [2] - The collaboration between SGX and CSI began in 2024, with the launch of the CSI SGX Asia Emerging Markets Technology Index, which has achieved an annualized price return of 28% since January 2024 [2]

Core Viewpoint - Singapore Exchange Group (SGX) plays a crucial role as a bridge connecting Asia and the global capital markets, particularly in facilitating the internationalization of Chinese enterprises and products [1][4]. Group 1: Strategic Focus and Initiatives - SGX aims to deepen cooperation between Singapore and China’s capital markets, supporting the two-way capital flow of Chinese concept-related products [4]. - The exchange has expanded its secondary listing framework to include companies listed on Shanghai and Shenzhen stock exchanges, enhancing transparency and investor access [5]. - SGX has streamlined the IPO process, reducing the time from application to listing to approximately 6 to 8 weeks, providing greater certainty for applicants [5]. Group 2: Market Development and Investor Engagement - Approximately 20% of SGX-listed companies are from Greater China, spanning various industries, indicating strong interest from Chinese multinational corporations [6]. - The Monetary Authority of Singapore has launched a S$50 billion "Securities Market Development Plan" to enhance the competitiveness of the Singapore securities market [6]. Group 3: ETF and Index Collaboration - As of July 2023, 10 cross-border ETF products have been launched under the Singapore-China ETF mutual access mechanism, marking significant progress in collaboration [7]. - A new index, the CSI-SGX Asia Emerging Markets Technology Index, was launched in January 2024, focusing on key sectors like internet and semiconductor technology [7][8]. Group 4: Financial Performance and Future Goals - SGX reported its highest revenue and net profit since its listing in the fiscal year 2025, with a net profit of S$609.5 million, a 15.9% increase year-on-year [9]. - The exchange aims to become a leading international exchange, facilitating connections between global investors and Asian markets while embracing new technologies like AI to enhance operational efficiency [9][10].

Core Insights - Singapore Exchange Group (SGX) plays a crucial role as a bridge connecting Asian and global capital markets, focusing on deepening cooperation with Chinese capital markets [1][2] - SGX aims to support Chinese companies in their international financing efforts and enhance its international product and service offerings [1][2] Group 1: Attracting Chinese Companies - SGX has implemented a "policy package" to attract Chinese companies for listing, expanding the secondary listing framework and improving process transparency and investor access [2] - The typical timeline for IPO applications at SGX is now 6 to 8 weeks, providing higher certainty for applicants [2] - SGX collaborates closely with companies and their advisors before IPOs and offers support through local funds, such as the Pre-IPO fund established with Temasek [2] Group 2: Market Ecosystem and Growth - Approximately 20% of SGX-listed companies are from Greater China, spanning various industries, including electric vehicles and shipbuilding [3] - The Monetary Authority of Singapore launched a S$50 billion "Securities Market Development Plan" to enhance the competitiveness of the Singapore securities market [3] Group 3: ETF and Index Cooperation - As of July 2023, 10 cross-border ETF products have been listed under the SGX-China ETF mutual access mechanism, marking a significant milestone [4] - In December 2023, SGX and the Shanghai Stock Exchange launched mutual access for ETF products, with 5 ETFs currently trading [5] - The launch of the China Securities SGX Asia Emerging Markets Technology Index in January 2024 represents a substantial collaboration between the two exchanges [5] Group 4: Future Goals and Technology Adoption - SGX aims to become a leading international exchange, facilitating connections between global investors and Asian markets [7][8] - The exchange has integrated artificial intelligence (AI) into its operations to enhance market surveillance, operational efficiency, and customer interaction [7] - AI is also being applied in the foreign exchange business, which is one of SGX's fastest-growing sectors [7]

Core Insights - Singapore Exchange Group (SGX) plays a crucial role as a bridge connecting Asian and global capital markets, particularly focusing on enhancing cooperation between China and Singapore's capital markets [1][2] - SGX aims to attract Chinese companies for listings, providing a platform for international market financing and supporting their global expansion [2][3] Group 1: Strategic Focus - SGX's strategic priority is to deepen cooperation in capital markets between China and Singapore, facilitating the flow of capital for China-related products [1][2] - The exchange is committed to enhancing the internationalization of its products and services, creating a robust ecosystem to support Chinese companies in their global endeavors [1][2] Group 2: Listing Process and Support - SGX has implemented a "policy package" to attract Chinese companies, expanding the scope for secondary listings and improving process transparency and investor access [2][3] - The typical timeline for IPO applications at SGX is now 6 to 8 weeks, providing greater certainty for applicants [2][3] - SGX collaborates closely with companies pre-IPO and offers ongoing research support post-listing, including a market maker program to enhance stock liquidity [2][3] Group 3: Market Ecosystem and Investor Base - Approximately 20% of listed companies on SGX are from Greater China, spanning various industries, indicating a strong presence of Chinese multinational corporations [3] - The Monetary Authority of Singapore has launched a S$50 billion "Securities Market Development Plan" to enhance the competitiveness of the Singapore securities market [3] Group 4: ETF and Index Development - As of July 2023, 10 cross-border ETF products have been launched under the China-Singapore ETF mutual access mechanism, marking a significant milestone [3][4] - A new index, the China Securities SGX Asia Emerging Markets Technology Index, will be launched in January 2024, focusing on technology sectors in Asia [5] Group 5: Future Goals and Technological Integration - SGX aims to become a leading international exchange, facilitating connections between global investors and Asian markets [7] - The exchange is integrating AI technology into its operations to enhance market surveillance, operational efficiency, and customer interaction [6][7]

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 Shanghai Stock Exchange (SSE) and the Singapore Exchange (SGX) are enhancing their collaboration, focusing on new opportunities in capital market cooperation [1][2] - The SSE and SGX have successfully launched five ETF mutual products, marking a significant step in their partnership [1] - The introduction of the China Securities Index for Emerging Market Technology in January 2024 signifies the substantial progress in index cooperation between the two exchanges [1] Group 1 - The recent "Shanghai-Singapore Deepening Cooperation Exchange Conference" saw participation from nearly 70 listed companies and institutions from both regions [1] - Discussions at the conference centered on high-quality development of listed companies and the deepening of the ETF mutual mechanism [1] - SSE emphasized that overseas market expansion by enterprises is a practical implementation of national institutional opening, promoting Chinese standards and stories globally [1] Group 2 - SSE plans to continue creating a convenient and friendly cross-border investment environment under the guidance of the China Securities Regulatory Commission [2] - The exchange is committed to promoting high-level institutional opening of the capital market to support high-quality economic development [2]

Core Viewpoint - The Shanghai Stock Exchange (SSE) and the Singapore Exchange (SGX) are enhancing their collaboration to create new opportunities in the capital markets, focusing on the development of cross-border investment products and facilitating international market access for Chinese companies [1] Group 1: Collaboration and Achievements - The SSE and SGX have been strengthening their cooperation, with significant business outcomes emerging over recent years [1] - As of December 2023, the SSE and SGX jointly launched five ETF mutual products that are now successfully traded on both exchanges [1] - In January 2024, the SSE and SGX released the China Securities SGX Asia Emerging Markets Technology Index, marking a substantial step in their index collaboration project [1] Group 2: Focus Areas and Future Plans - The recent exchange meeting emphasized new opportunities for capital market collaboration and discussed ways to deepen the SSE-SGX ETF mutual mechanism [1] - The SSE highlighted that expanding overseas market presence for companies is a practical implementation of national institutional openness, promoting Chinese rules, standards, and narratives globally [1] - The SSE plans to continue developing a friendly cross-border investment environment under the guidance of the China Securities Regulatory Commission, aiming to promote high-level institutional openness in the capital market and support high-quality economic development [1]

Core Viewpoint - The Shanghai Stock Exchange (SSE) and the Singapore Exchange (SGX) are enhancing their collaboration to create new opportunities in the capital markets, focusing on the development of cross-border investment products and facilitating the international expansion of Chinese companies [1] Group 1: Collaboration and Achievements - The SSE and SGX have strengthened their cooperation, resulting in the successful launch of five ETF mutual products that are now trading on both exchanges [1] - The joint development of the China Securities Index SGX Asian Emerging Markets Technology Index was officially released in January 2024, marking a significant milestone in the index collaboration project between the two exchanges [1] Group 2: Future Directions - The SSE emphasized that the internationalization of Chinese companies aligns with the country's institutional opening-up, promoting Chinese standards and narratives globally [1] - The SSE plans to continue developing the ETF mutual mechanism and create a favorable cross-border investment environment under the guidance of the China Securities Regulatory Commission, aiming to support high-quality economic development [1]