This can enable the Group to develop additional its service scope within the Higher China area.
Haitong Worldwide Securities Group introduced its subsidiary Haitong Worldwide Singapore has been admitted as a Securities and Derivatives Clearing Member of the Singapore Trade (SGX).
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This alerts SGX’s recognition of Haitong Worldwide’s confirmed capabilies and excellence in enterprise operation. Haitong Worldwide Singapore will even be a depository agent of The Central Depository (Pte) Restricted (CDP).
“Singapore has always been at the core of our business strategy. Going forward, Haitong International will continue leveraging its information, trading and capital intermediary functions and promote greater cross-border capital flows between Singapore and other markets,” mentioned Henry Shi, member of Government Committee, Group Head of International Markets at Haitong Worldwide.
The subisidiary’s success in acquiring full suite membership at SGX will enable it to additional develop its service scope and supply streamlined infrastructural providers within the Higher China area.
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“With Haitong International’s 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,” Chew Sutat, Senior Managing Director, Head of International Gross sales and Origination at SGX mentioned.
Haitong Worldwide Singapore gives company finance providers, together with preliminary public choices, secondary market share placement, bond issuance and personal financing amongst others.
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It has thus far accomplished greater than 20 offers within the Singapore market, together with the SGD bond issuance for Chongqing Banan Financial Park a Chinese language native authorities financing automobile (LGFV). It raised S$170m.
Haitong Worldwide Singapore additionally participated within the IPO of Sasseur REIT, the primary outlet mall REIT IPO in Asia.
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