A memorandum of understanding (MOU) has been signed between the Singapore Exchange (SGX) and Commercial Bank of China Limited (ICBC) to develop derivatives trading, bond trading and market making of Ren Min Bi dominated contracts registered on SGX. The MOU is expected to be implemented in a phased manner over three years with an initial focus on equity derivatives.
A memorandum of understanding (MOU) has been signed between the Singapore Exchange (SGX) and Commercial Bank of China Limited (ICBC) to develop derivatives trading, bond trading and market making of Ren Min Bi dominated contracts registered on SGX. The ICBC will also promote Singapore’s capital markets, while SGX will help Chinese companies list equities and bonds, particularly in real estate trusts and offshore Ren Min Bi bonds.