Chinese companies, especially state-owned ones, are expected to issue stocks in Singapore under a direct listing framework, China Daily reported Thursday, citing a senior officer of the city’s stock exchange. The arrangement was made possible by an agreement signed by the Singapore Exchange and the China Securities Regulatory Commission in November, the report said. Under the scheme, mainland companies can directly issue stocks on the Singapore exchange after obtaining an administrative license from the CSRC, Lawrence Wong, executive vice-president at Singapore Exchange, was quoted as saying. Several state-owned firms, including those in the property, mining and medical treatment sectors, have shown interest in listing in Singapore, Wong added.
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