Loh Boon Chye, CEO, Singapore Exchange (SGX): Strengthen market connectivity; support China's internationalisation
2021年10月18日 - 07:00AM
JCN Newswire
To achieve its Five-Year Plan, including its 'dual circulation'
and 'new development' strategies, China has continued to promote
innovation, digital trade, and sustainable development, making a
significant difference in the global landscape. On 13 October, Loh
Boon Chye, Vice Chairman of the World Federation of Exchanges (WEF)
and CEO of the Singapore Exchange (SGX), delivered a video address
at the "Digital Trade and Technology" thematic event during the
2021 Global Digital Trade Conference and the Wuhan (Hankoubei)
Commodities Fair.
As an international multi-asset exchange, SGX is a strong supporter
of China's internationalisation efforts across equities, fixed
income, currencies, and commodities, and ultimately its economic
growth, as capital flows and trade flows are inseparably linked.
Loh says that the defining trends of our time, whether in
digitalisation or sustainability, are borderless, and collaboration
is essential to harness their fullest benefits.
At the same time, SGX continues to look for ways to strengthen
market connectivity between Singapore and China, and Southeast
Asia. SGX's Loh feels that Southeast Asia is fast leapfrogging in
digitalisation, as reflected in an increasing number of technology
unicorns. Technology is another means to enhance greater
connectivity across borders and across multiple asset classes.
"Digitalisation has the potential to transform the efficiency of
capital markets and advance Asia's capital markets infrastructure,"
says Loh.
Loh Boon Chye said that Singapore has recently announced a range of
initiatives to serve as Asia's leading enterprise financing hub,
including establishing an investment fund, a Growth IPO Fund, and
enhancing its Grant for Equity Market Singapore (GEMS) scheme. "We
are continuing to build a more conducive ecosystem that enables
growth capital for companies across their different stages of
development, supporting Chinese enterprises as they expand
globally."
With the unique position at the centre of the market ecosystem,
Exchanges play an important role in their countries' economic
development and sustainable society. In closing, Loh reiterated
SGX's commitment to support China in its internationalisation
journey and look forward to greater collaboration opportunities and
mutual success.
The 2021 Global Digital Trade Conference and Wuhan (Hankoubei)
Commodities Fair in Wuhan, Hubei Province, China runs through
October 26, 2021. The event has attracted representatives from 100+
countries as well as over 10,000 merchants. At the opening, 15
well-known enterprises and institutions from across the country
signed a proposal to support the construction of a national trade
logistics center in Wuhan. (en.hubei.gov.cn)
Contact: ZALL Smart Commerce Group, http://en.zallcn.com, e:
ZALL@preciouscomms.com
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