SGX

SGX: signed a MOU with China’s Suzhou Industrial Park (SIP) to promote the listing of companies from SIP and other parts of its province on SGX. SIP will provide guidance to potential listing aspirants, and facilitate regulatory processes and approvals from relevant Chinese authorities when necessary, paving the way for closer collaboration between the govt of Jiangsu and SGX to meet the business funding needs of companies in the province. Jiangsu province has a total of 21 companies listed on SGX, including shipbldg firms like JES Intl (JES) and Yangzijiang (YZJ).
Separately, SGX announced that its mutual offset arrangement with the Chicago Mercentile Exchange (CME) will not cover Nifty futures - allowing round-the-clock trading of the contracts where investors can offset Nifty futures positions on one exchange to the other.