SG, China roll out initiatives on digital finance, capital markets

The initiatives include a cross-border E-CNY pilot between the two countries.

Singapore and China will roll out three initiatives on new digital finance and capital markets.

The first of which is the cross-border E-CNY pilot between the two markets.

The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBCDCI) will embark on a pilot to allow travellers from both countries to use e-CNY for tourism spending in Singapore and China.

Singapore and China also launched the  Exchange Traded Funds (ETF) Product Link between the Singapore Exchange (SGX) and the Shanghai Stock Exchange (SSE). 

On 1 December, CSOP1 Huatai-Pinebridge SSE Dividend Index ETF and the CSOP iEdge Southeast Asia+ TECH Index ETF were launched on SGX and SSE  as the first product pairing under the new ETF Product Link.

Lastly, SGX and Guangzhou Futures Exchange (GFEX) will collaborate on information exchange, mutual visits and training, and joint research on products and business areas relating to green development.