Singapore Exchange (SGX) has entered into an agreement with China Investment Information Services (CIIS), a wholly-owned subsidiary of the Shanghai Stock Exchange (SSE), to distribute its securities market data within Mainland China.
The distribution will allow market participants in the country to have real-time access to prices in SGX.
Under the agreement, CIIS will oversee the distribution, marketing and sales of key SGX securities data to market data vendors, brokers and media channels in China.
This will give investors exposure to additional investment opportunities.
CIIS is expected to begin distributing SGX’s securities market data with effect from Nov 1.
Furthermore, SGX will support the initiative with on-the-ground investor education.
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With the partnership, investors can gain access to data on companies listed on the SGX including the exchange’s REITs and property trusts.
Singapore is Asia ex-Japan’s largest REITs market with 42 S-REITs and property trusts with a combined market capitalisation of over $110 billion.
“Market participants require reliable and timely information to make investment decisions, and we are excited to bring our international offerings to investors in China. As we expand our partnership with SSE, we look forward to strengthening the link between Singapore and China’s capital markets and further support China’s internationalisation efforts,” says Ng Kin Yee, managing director, head of data, connectivity and indices at SGX.
Wang Wei, Managing Director, China Investment Information Services Ltd adds, “We are very pleased to cooperate with Singapore Exchange. We hope that by availing more market information products, Chinese market participants will have better knowledge and understanding of portfolio management. We are also looking forward to reinforcing our partnership and exploring further collaboration in other areas. ”
Shares in SGX closed 14 cents higher or 1.45% up at $9.82.