News

Daily Briefing: More weak signs for Singapore GDP; New HDB flats now more affordable

And here’s why you should consider home loans without a lock-in period.

Singapore manufacturing output dips 0.5% in March

Though three of six clusters saw an uptick.

Is global growth on the cards for CityDev?

Its overseas exposure sits at 45% of total assets.

Parkway Life REIT’s profits jump 8.5% to $25.1m in Q1

Thanks to bigger yields from recently acquired assets.

SGX teams up with China Construction Bank to attract more Chinese listings

Both direct and secondary listings are on target. The Singapore Exchange (SGX) has inked a memorandum of understanding (MOU) with China Construction Bank (CCB) to promote domestic capital markets to Chinese companies. Under the MOU, SGX and CCB will collaborate to bring Chinese companies to list in Singapore, especially through SGX’s Direct Listing Framework. CCB is among the issue managers accredited by SGX to assist companies in raising capital on the exchange. As part of the MOU, it will also advise its SGX-listed clients looking to tap the secondary market for further fund-raising. The MOU will also encourage Chinese companies to issue offshore Renminbi bonds , undertake mergers & acquisitions, establish cross-border asset management services and other capital market activities in Singapore. In addition, CCB will explore derivatives trading, bond trading and other business activities in Singapore. There are currently 120 Chinese companies and 103 RMB bonds listed on