Haitong International Singapore joins SGX securities and derivatives clearing teams

The Hong Kong-based firm will strengthen the link between Chinese investors and Singapore capital markets.

Haitong International Singapore has joined the Singapore Exchange (SGX) securities and derivatives markets as a clearing member, the bourse announced on Tuesday.

The financial servicing network will also serve as a depository agent for The Central Depository Limited.

"With their 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," said Chew Sutat, Senior Managing Director, Head of Global Sales and Origination at SGX.

The company has been a trading secuirities and derivative products with the SGX since 2014.

Including Haitong, SGX currently has 25 trading members and 25 clearing members in its securities market. The derivatives market has 60 trading members and 26 clearing members, with the Central Depository having 49 depository agents.

Get Singapore Business Review in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

This is the last trading day before the ghost month.
Its revenue also rose 23.4% YoY to. US$2,262.4m in the same period. 
It is expected to be ready for launch in H2 2022.
Encouraged by vaccinations, more Singaporeans plan to travel in the next three months.
The amendments include higher penalties for erring property agencies or agents. 
The centre aims to spearhead Singapore’s maritime industry’s energy transition.
However, PropertyGuru’s data showed continued confidence amongst sellers.
The system enables employees to have test results in as fast as 60 seconds.
COVID-19 disruptions continue to cause delays in its projects.
Its underlying profit of $832.2m is still 17% below pre-COVID levels.
The airline saw a net loss of $1.12b in the same period last year.
All of its key businesses were profitable in the first six months of the year.
Singtel, Keppel Corp, and OCBC Bank led the Straits Times Index on 29 July.