Singapore’s main trading platform is looking to resurrect its fortunes by tapping China for growth, the Wall Street Journal reported Monday. Singapore Exchange Ltd., Southeast Asia’s biggest bourse, is positioning itself as an entry point for foreign investors seeking to tap China and emerging economies in Asia. It is also looking to fend off competition from Hong Kong, particularly for new listings and as a currency trading center, the report said. In the past quarter alone it has proposed Asia’s first electricity futures contract, set up futures contracts for Thai, Indian and Philippine stocks and is working with China on a plan to offer other derivatives. The most significant move is allowing companies registered in China to list in Singapore after an agreement in October to allow direct trading of their currencies, the report said.
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