On April 21, under the guidance of CSRC and the Monetary Authority of Singapore (MAS) and with the strong support of Chongqing Local Financial Supervision and Administration Bureau, SZSE, the Shanghai Stock Exchange (SSE) and the Singapore Exchange (SGX) jointly held the 2023 China-Singapore Capital Market Cooperation Roundtable in Chongqing. More than 60 people including the representatives of Chinese and Singaporean regulators like CSRC, MAS, Chongqing Local Financial Supervision and Administration Bureau and CSRC Chongqing Office and the representatives of market institutions from the two countries such as securities and futures exchanges, clearing institutions, securities companies, fund companies, investment companies and commercial banks attended the roundtable.

The roundtable is an important part of the 5th China-Singapore (Chongqing) Connectivity Initiative Financial Summit. It aims to provide a platform for Chinese and Singaporean regulators and market entities to strengthen communication and increase mutual trust. It holds in-depth discussions on topics like cross-border business layout and outlook of Chinese and Singaporean capital markets, product innovation and cooperation, cross-border investment and financing opportunities. It offers advice and suggestions on and contributes to the pragmatic cooperation between Chinese and Singaporean capital markets.

In recent years, under the unified leadership of CSRC, SZSE has maintained sound cooperation relationships with Singaporean market parties and has developed pragmatic cooperation in various areas including connectivity of product mechanisms, market cultivation and promotion, exchange of development experiences, etc. According to the plans of Chinese and Singaporean regulators, in 2020, SZSE and SGX realized cross-listing of core indices, providing even richer investment benchmarks for investors in the two countries. At the end of 2022, SZSE-SGX ETF Connect was officially launched. Three characteristic connection ETF products with ChiNext Index, CSI STAR&CHINEXT 50 Index and FTSE Asia Pacific Low Carbon Index as their underlying indices were listed on SZSE and SGX. The SZSE-SGX ETF Connect has enabled China’s ETF to “Go Global” and “Bring in” Singapore’s ETF and attracted extensive attention and active participation of investors in the two countries.

Meanwhile, SZSE’s V-Next platform held cross-border roadshows and matchmaking activities routinely together with domestic and overseas market institutions. So far, the platform has cumulatively served more than 20 technological innovation companies of Singapore and has contributed to the integration and connection of quality industries and innovation capital of the two countries. Against the backdrop of the all-round high-quality forward-looking partnership between China and Singapore, SZSE will, together with SGX and relevant market institutions, give full play to the characteristic advantages of the Chinese and Singaporean markets and actively seize the opportunities presented by the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Regional Comprehensive Economic Partnership (RCEP). Centering around such key areas as advanced manufacturing, digital economy and green and low carbon development, we will continue to optimize the existing connect mechanisms, enrich the types of cross-border products, expand the joint market cultivation service mechanism, and promote win-win development of the real economy and capital markets of China and Singapore.

Next, SZSE will continue to implement in depth the guiding principles of the 20th CPC National Congress and the Central Economic Working Conference and follow the plans and requirements of CSRC. We will strengthen cooperation with foreign exchanges and market institutions in various areas, steadily promote high-standard institutional two-way opening up of the capital market, and strive to build ourselves into a world-class exchange characterized by a quality innovation capital center so as to better serve the creation of a new pattern of development and promote high-quality development.