In an announcement made on Monday, the Singapore Exchange (SGX) said that it has signed a memorandum of understanding (MoU) with GF Securities Corporation in order to promote better connectivity between Singapore and China.
According to the MoU, Singapore Exchange will be collaborating with GF Securities, enabling to expand its reach not just in Singapore but the regional areas too.
The announcement for the MoU was made at the 11th Singapore-Guangdong Collaboration Council assembly, which was co-chaired by Guangdong governor Ma Xingrui and Singapore’s Transport minister Ong Ye Kung.
In an effort to further increase its FX futures and commodity derivatives trading on Singapore Exchange, GF Securities has been participating in SGX’s over the counter (OTC) bond trading platform along with the promotion of the listing of fixed income products.
Additionally, the collaboration will leverage GF Securities’ wealth and asset management and in conjunction engage institutional investors in China as well as Singapore.
CEO of SGX, Loh Boon Chye said that they are looking forward to strengthening the cooperation and relationship with GF Securities, whom they have been associated with in the past decade. With the increasing multi-asset strategies by investors to reach investment objectives in a low interest rate environment, the collaboration can pave the way for clients to avail a wide range of products and opportunities offered by SGX.
