Exclusive companies-Chinese Chinese companies Singapore lists to expand the markets in the trade war

By yantoultra

Four sources said that Singapore (Reuters) -At least five companies from China on the mainland or Hong Kong plan to subscribe to subscriptions, dual lists, or participate in Singapore during the next 12 to 18 months.

The sources, who have a direct knowledge of the issue, said, but they refused to name companies because the plans have not been completed.

The lists will provide a batch to Singapore (SGX), which, although they are a common place for plays returns such as real estate investment boxes, are struggling to attract huge menus and enhance trading sizes.

SGX hosted only four preliminary offers in 2024, according to its website. This compares 71 new lists of the company registered by Porsche Kong Regional in Hong Kong and Clearing Ltd.

Jason, head of the CGS International Securities Group, said that Chinese companies are looking to take advantage of the Singaporean stock exchange because they are looking to enter or expand business in Southeast Asia amid a trade war with the United States.

US President Donald Trump imposed a 145 % tariff on Chinese goods imports, and China in turn raised the customs tariff on American goods to 125 %, before the two sides agreed on a 90 -day stop at the end of last week. But uncertainty remains, given the time limit and the inability to predict the Trump administration.

Trump said that the inquiries about the SGX menus were “fire on the surface” after Trump increased his commercial actions against China.

“During the coming years and decades, China gates to the world will be more important,” said Paul de Wayne, the first administrative director and head of global sales at SGX.

“Singapore is an important gate, whether it is a commercial activity (or) from China to the outside world, and a list in Singapore is an important element in it.” De Win did not mention plans to include Chinese companies and Hong Kong.

“Increased attention”

CGS International, a Galaxy Securities, works with at least two companies in China to list SGX early this year, according to SAW. And refused to naming companies.

One of the sources said that some Chinese companies and Hong Kong can raise about $ 100 million through the initial lists in Singapore.

SGX is usually the first option for Chinese companies that look forward to the emergence of the market abroad. Most of them prefer Hong Kong because of Beijing’s support and a wide range of institutional investors and a more familiar with Chinese brands.