General Announcement::SGX and TWSE study stocks trading link

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
09-Sep-2014 17:21:06
Status
New
Announcement Sub Title
SGX and TWSE study stocks trading link
Announcement Reference
SG140909OTHRXS8K
Submitted By (Co./ Ind. Name)
Carolyn Lim
Designation
Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) and Taiwan Stock Exchange (TWSE) will enter a Letter of Intent to study and work towards linking the two stock markets.

We are delighted to cooperate with TWSE on the study of a cost-efficient direct link between Taiwan and Singapore markets. International investors keen on Greater China opportunities are coming to Singapore and Taiwan because we are leading offshore Renminbi centres. There is therefore potential for cooperation in infrastructure and other areas so as to better serve these investors, said Magnus Bocker, CEO of SGX.

TWSE and SGX have built a broad consensus around expanding international cooperation. The signing of the Letter of Intent is a practical mechanism for facilitating cross-border trade and will enable TWSE and SGX to provide more diversified services to their respective market investors, said Sush-der Lee, Chairman of TWSE.

Both Taiwan and Singapore offer various products for both domestic and foreign investors. TWSE and SGX will look into a link which can provide members of each of the exchanges an efficient, cost-effective and direct way to trade, clear, settle and custodise stocks listed on the other exchange. Any such link will be subject to regulatory approvals.

TWSE lists 814 stocks, ETFs, warrants and Taiwan Depository Receipts (TDRs).

SGX has offered MSCI Taiwan futures for 18 years. It also lists China A50, and AsiaClear iron ore futures, and 770 stocks including RMB shares.

-End-

Attachments

20140909_SGX_and_TWSE_study_stocks_trading_link.pdf
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