Loh Boon Chye, CEO of SGX: Strengthen market connectivity and capital flows, and support China's internationalisation
2021年10月15日 - 6:30AM
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
his video speech at the "Digital Trade and Technology" thematic
event during the 2021 Global Digital Trade Conference and the Wuhan
(Hankoubei) Commodities Fair.
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Loh Boon Chye, Vice Chairman
of WEF and CEO of SGX delivering his speech at the 2021 Global
Digital Trade Conference and Wuhan (Hankoubei) Commodities Fair
thematic event "Digital Trade and Technology" |
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 shared 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 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.
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