SGX inks MOU with Chengdu Municipal Finance Affairs Office to collaborate on listings

More Chengdu firms might get listed.

Singapore Exchange (SGX) has inked a Memorandum of Understanding (MOU) with the Chengdu Municipal Finance Affairs Office to cooperate on facilitating capital raising by companies from Chengdu on SGX.

Under the terms of the MOU, Chengdu FAO will encourage and help Chengdu companies to leverage on SGX as an international fund-raising venue.

In turn, SGX will assist Chengdu companies to gain familiarity of international capital market practices, products for fund raising, and listing regulations and requirements.

Chengdu is the capital of Sichuan province and Chengdu FAO is the authority responsible for all financial-related matters in the municipality.

Chengdu is Western China’s centre of commerce, finance, science and technology, as well as a major transportation and logistics hub. It is one of the fastest growing cities in China in economic terms, registering GDP growth of about 9% last year.