Haitong International Securities (Singapore) (Haitong International Singapore), a subsidiary of Hong Kong-listed Haitong International Securities Group, has been admitted to the Singapore Exchange’s (SGX) securities and derivatives markets as a clearing member and as a depository agent of The Central Depository (CDP).

With the admission of Haitong International Singapore, SGX’s securities market now has 25 trading members and 25 clearing members. The derivatives market has 60 trading members and 26 clearing members, with CDP having 49 depository agents.

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Haitong International Singapore has been a trading member of SGX’s securities and derivatives markets since 2014. 

Chew Sutat, senior managing director, head of global sales and origination at SGX, says that the exchange is pleased to welcome Haitong International Singapore as a clearing member and depository agent.

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 “With their presence in Singapore and strong footprint across Greater China, we look forward to working with them to enhance the distribution of our growing suite of securities and derivatives products to their network of clients, and strengthen the link between Chinese investors and capital markets in Singapore,” he says.

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Henry Shi, executive committee member and group head of global markets of Haitong International Securities Group, says the company has been granted with an invaluable opportunity.

“It is an important milestone for Haitong International since we set root in the Singapore market, and reflects our commitment in developing our Singapore businesses and strengthening ties with our existing and potential clients,” he says.