By Rui Hu, EDITOR

A total of 106 cross-border financing projects have been launched with an amount of 10.44 billion USD in the past three years for China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (CCI), covering international commercial loans, cross-border bond issuance, real estate investment trusts, and other types.

106 cross-border financing projects in total have been launched with an amount of 10.44 billion USD in the past more than three years for CCI

Linked by CCI, the Theme Exchange Conference on Listing and Financing is the first time for Singapore Exchange Limited (SGX) to jointly hold the promotion activity with Chongqing factor market to precisely dock senior teams of Singapore capital market. This will build an internationalized platform for excellent local enterprises to broaden financing channels, expanding the international vision, and promoting quality development of enterprises.

“106 cross-border financing projects in total have been launched with an amount of 10.44 billion USD in the past more than three years for CCI. This covers international commercial loans, cross-border bond issuance, real estate investment trusts, and other types and involving multiple industries, such as manufacturing, medical service, information, and logistics, which effectively broaden financing channels and reducing financing costs of enterprises respectively," said Yang Yi, Deputy Director-General of China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (CCI) Administrative Bureau.

Yang Yi added, “Chongqing enterprises going to Singapore for financing will not only assist themselves getting international capital support but facilitate their business development in ASEAN and countries and regions along the Belt and Road Initiative.”

Chia Caihan, Chief Representative of SGX Beijing Representative Office, expounded the advantages of enterprises listing on SGX, the related process, and comprehensive financing services as well as sharing the actual cases about enterprises that went to Singapore for listing with market value growth.

Compared with capital markets in America, China’s Hong Kong and other countries and regions, Singapore capital markets are competitive with the characteristics of shortlisting cycle, low threshold, relatively low listing costs and strong refinancing ability after enterprises listed. The enterprises of a certain scale can apply for mainboard listing in SGX, while the high-growth enterprises can apply for Catalyst board listing on SGX. Usually, the listing process for enterprises can be completed within six to eight weeks if the above listing requirements can be met.

Source: CQ News