This new milestone in China listings strengthens SGX’s ongoing efforts to bring to Singapore larger and more diversified foreign companies who are seeking capital on an international platform.
As at today, mainland China companies account for more than 40% of the number of total foreign companies listed on SGX. Since 2000, the aggregate performance of mainland China companies has outperformed our broader market. The market capitalisation of these companies has grown more than 50% annually over the last 5 years. The turnover velocity¹ of mainland China stocks has been consistently high, in excess of 100%, in the past year. This indicates strong investor interest in China companies listed on SGX.
Mr Gan Seow Ann, Senior Executive Vice President and Group Head, Markets, SGX said: “We have achieved considerable success in attracting Chinese companies to list on our exchange, helped in no small part by our close collaboration with various agencies in Singapore and China. While we have gained momentum in our diversification efforts, China continues to play a significant part in our listing strategy. In building SGX as an Asian Gateway, we aim to attract larger size, quality listings.”
