“It's not easy to have a stock listed overseas from where the company's business is, where that overseas market and investors there may not know exactly what's happening with the company's natural operations. So that has been a practical difficulty, but we still like to have good companies come in this year,” he says, in response to a question from the audience.
Singapore welcomes “good and reputable” companies to list on its exchange, said Senior Minister Lee Hsien Loong at a fireside chat at Business China’s FutureChina Global Forum 2024 on Oct 18. Speaking to moderator, SPH Media’s Lee Huay Leng, the senior minister added that if there are good overseas companies that are interested in listing on the Singapore Exchange (SGX:S68
) (SGX) but don’t fit the exchange’s rules, SM Lee asked them to let the exchange know so it can “look at [its] rules”.
So far, the SGX has welcomed a few Chinese companies to list, although their results have been “mixed” with some good and the rest, “harder to assess”. Some of the Chinese companies listed on the SGX include Yangzijiang Shipbuilding (SGX:BS6) , Yangzijiang Financial Holding (SGX:YF8) , Yanlord (SGX:Z25) , Nio Inc (SGX:NIO) , China Everbright Water (SGX:U9E) , Dasin Retail Trust (SGX:CEDU) and Sasseur REIT (SGX:CRPU) .
