Singapore Exchange hints at deeper ties with HKEX: can yuan business open doors?

AI Summary
Singapore Exchange (SGX) Group is aiming to expand its cross-listing programs with Chinese exchanges and explore potential partnerships with Hong Kong Exchanges and Clearing (HKEX) and other exchanges. SGX CEO Loh Boon Chye stated that increased connectivity is crucial for capital markets and expressed interest in collaborations that offer value and wider choices for investors. While there are no specific plans yet, Loh suggested the yuan business as a potential area for collaboration with HKEX, given both exchanges' roles in internationalizing the currency. SGX has been actively pursuing partnerships, including a recent agreement with Nasdaq to launch a global listing board in 2026 and existing collaborations with the stock exchanges of Thailand and Indonesia.
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