By Ben Otto
Singapore Exchange Ltd. said Chinese broker GF Securities Co. will expand its foreign exchange futures and other products on the Southeast Asian Stock Exchange as part of its efforts to establish links between China and Singapore’s capital markets.
As part of the deal, GF Securities will increase its trading in raw derivatives on the Singapore Stock Exchange and seek to facilitate investment in Singapore-listed real estate investments and fixed-rate products, the Singapore Exchange said on Monday.
The plan, which was agreed in a memorandum of understanding, ”paves the way [GF Securities] customers to access the wide range of investment products and opportunities that SGX offers, thereby strengthening capital flows between China and Singapore, ”said Loh Boon Chye, CEO of the exchange.
GF Securities chairman Sun Shuming said the deal would help Chinese companies and investors branch out while introducing yuan assets to global investors.
A unit of GF Securities has been a derivative member of SGX since 2011.
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