Haitong International joins Singapore Exchange

This will allow the Group to expand further its service scope in the Greater China region.

Haitong International Securities Group announced its subsidiary Haitong International Singapore has been admitted as a Securities and Derivatives Clearing Member of the Singapore Exchange (SGX).

This signals SGX’s recognition of Haitong International’s proven capabilies and excellence in business operation. Haitong International Singapore will also be a depository agent of The Central Depository (Pte) Limited (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,” said Henry Shi, member of Executive Committee, Group Head of Global Markets at Haitong International.

The subisidiary’s success in obtaining full suite membership at SGX will allow it to further expand its service scope and provide streamlined infrastructural services in the Greater China region.

“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 Global Sales and Origination at SGX said.

Haitong International Singapore offers corporate finance services, including initial public offerings, secondary market share placement, bond issuance and private financing amongst others.

It has so far completed more than 20 deals in the Singapore market, including the SGD bond issuance for Chongqing Banan Economic Park a Chinese local government financing vehicle (LGFV). It raised S$170m.

Haitong International Singapore also participated in the IPO of Sasseur REIT, the first outlet mall REIT IPO in Asia.
 

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