Some Chinese companies eye Singapore listings to expand markets amid trade war
- More than five firms from mainland China and Hong Kong are expected to pursue initial public offerings, dual listings, or placement of shares on the Singapore Exchange within the upcoming 12 to 18 months.
- This interest follows escalating U.S.-China trade tensions and Beijing's push to strengthen ties with Southeast Asia, prompting firms to seek regional expansion.
- The planned listings coincide with SGX’s efforts to boost trading volumes and listings after hosting just four IPOs in 2024, while neighboring Hong Kong saw 71 new listings.
- Industry leaders note that Singapore’s political stability, neutral geopolitical stance, and February equity market measures—including a 20% tax rebate—enhance its appeal for Chinese companies.
- These developments suggest SGX could gain from increased Chinese presence as firms use Singapore as a gateway to Southeast Asia amid ongoing global trade challenges.
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Some Chinese Companies Eye Singapore Listings to Expand Markets Amid Trade War
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