Good hands want Tiongkok company listed here, why hah?

[k1976]

Singapore will relook at listing rules if there are good companies that don’t meet certain requirements: SM Lee​

Felicia Tan
Sat, 19 October 2024 at 1:18 PM SGT10-min read

The senior minister, who spoke at the FutureChina Global Forum on Oct 18, also touched on the Chinese economy, China’s fundamental change and more.
Singapore welcomes “good and reputable” companies to list on its exchange, said Senior Minister Lee Hsien Loong at a fireside chat at Business China’s FutureChina Global Forum 2024 on Oct 18. Speaking to moderator, SPH Media’s Lee Huay Leng, the senior minister added that if there are good overseas companies who are interested in listing on the Singapore Exchange S68 (SGX) but don’t fit the exchange’s rules, SM Lee asked them to let the exchange know so it can “look at [its] rules”.
So far, the SGX has welcomed a few Chinese companies to list, although their results have been “mixed” with some good and the rest, “harder to assess”.
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“It's not easy to have a stock listed overseas from where the company's business is, where that overseas market and investors there may not know exactly what's happening with the company's natural operations. So that has been a practical difficulty, but we still like to have good companies come in this year,” he says, in response to a question from the audience.

 

[k1976]

China’s ‘fundamental’ change

Amid tensions between China and the West, Lee notes that the “fundamental” issue is China’s change from being a small part of the world economy and a “negligible part” of international trade in 1978 when it first started its Open-Door policy, China makes up 20% of the world economy and 20% of global trade today.

“So anything which China does, whether it is good or it is bad, the impact on other countries is enormous. The situation has changed,” he says.

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China’s becoming a more advanced economy was also another change, from its initial phase of making goods such as clothing, lower-end electronics products and assembling goods.

Today, the country is moving up and making electric vehicles (EVs), photovoltaic panels and are in pharmaceutical industries. “You are in industries which are competing with similar advanced industries in the developed economies. It is a more competitive relationship and therefore China's growth in these markets is not just benefiting the consumers, but also impacting the producers in other countries,” Lee notes. “And that is difficult. You have to accommodate somehow, but it is difficult.”

Furthermore, with China’s growth and development comes changed interests.

“You have strategic interests, you have security interests, you have foreign policy interests in very far away parts of the world. The Belt and Road Initiative includes countries in South America. And in Africa, China is very active,” says Lee. “China's interface with the rest of the world is multifaceted. And then the question comes, ‘Who is number one? Who is number two? How does number one and number two work together? Can you work together?’”.

 

[spinn]

lol tok kok n sing song again ??

forget the s-chip saga alr ??

leefuse to address elephant in the room ??

shld juz fade into oblivion wat makes him tink he is still relevant ??

 

[k1976]

Bending the rule in a rule based global game?

 

[k1976]

lol tok kok n sing song again ??

forget the s-chip saga alr ??

leefuse to address elephant in the room ??

shld juz fade into oblivion wat makes him tink he is still relevant ??

No business?

 

[Sinkiesuk]

China has already set up many biz and buy many biz liao. U go tuas there can see liao. All tiong guo biz handling construction there.

 

[syed putra]

Got any Indonesian company listed on sgx? Wilmar?

 

[congo9]

Last time we welcome China company to list in our SGX ,what happened ? History should tell you it's not going to happened anytime soon.

In the 1st place ,does Singapore has a extradition treaty with china ?

 

[millim6868]

All.dirty.monies,cos without all these,sg hdb n ec will collapse n u will see many superman,lol

 

[millim6868]

All.dirty.monies,cos without all these,sg hdb n ec will collapse n u will see many superman

 

[millim6868]

He talk like he got vision, lol,if he n his kaki knows vision they won't be around leeching,lol,find the easier way out leech on sinkies, lol

 

[k1976]

Singapore's September exports rise 2.7% y/y, less than forecast​

By Reuters
October 17, 20249:17 AM GMT+8Updated 4 days ago

Item 1 of 2 A container ship arrives in a port in Singapore June 28, 2017. REUTERS/Darren Whiteside/File Photo
[1/2]A container ship arrives in a port in Singapore June 28, 2017. REUTERS/Darren Whiteside/File Photo Purchase Licensing Rights, opens new tab

SINGAPORE, Oct 17 (Reuters) - Singapore's non-oil domestic exports rose 2.7% in September from the same month a year earlier, data on Thursday showed, supported by growth in electronic and non-electronic products.
The rise compared with a Reuters poll forecast of a 9.3% increase, and the 10.7% growth seen in August.
On a month-on-month seasonally adjusted basis, non-oil domestic exports rose 1.1% in September, following a 4.7% contraction in August. Analysts had expected a 4.9% rise.



Enterprise Singapore said shipments of electronic products rose 4% in September from a year earlier, while non-electronic products were up 2.3%.
Among major export markets, shipments to the European Union, Indonesia and South Korea rose strongly, while there were declines in sales to the United States, Japan and Hong Kong.