Shanghai-Singapore ETF Connectivity Officially Launches - First Pair of SSE-SGX ETFs Simultaneously Listed in Shanghai and Singapore

Recently, the Huatai-PineBridge CSOP iEdge Southeast Asia+ TECH Index ETF and the CSOP Huatai-PineBridge SSE Dividend Index ETF were listed simultaneously on the Shanghai Stock Exchange (SSE) and the Singapore Exchange (SGX Group). At the listing ceremony held by the SSE, Cai Jianchun, President of SSE, and Loh Boon Chye, CEO of SGX Group, sent congratulatory messages via video link. Wang Bo, Executive Vice President of SSE, attended the ceremony and delivered a speech.

The SSE spokesperson stated that this simultaneous listing of the first pair of Shanghai-Singapore ETFs on both exchanges marks the official launch of the Shanghai-Singapore ETF Connectivity. It represents an important step in implementing the decisions and arrangements of the CPC Central Committee on expanding financial openness, making positive contribution for deepening financial cooperation between China and Singapore. Since the establishment of diplomatic relations between China and Singapore 33 years ago, pragmatic cooperation has progressed in step with the times, leading to a continuous deepening of economic and trade ties. The Shanghai-Singapore ETF Connectivity will further facilitate cross-border investment and financing, promote global allocation of resources, and contribute to a new development pattern of mutual integration between the capital markets of China and Southeast Asia countries.

The SGX spokesperson stated that the simultaneous listing of these two ETF products on both exchanges provides investors with diversified investment choices, particularly in Southeast Asian listed companies with a focus on science and technology. This is a new step for both sides since signing the Memorandum of Understanding on cooperation of ETF Connectivity products in May this year, representing an important milestone for Singapore and China to further achieve financial connectivity. In the future, SGX will continue to strengthen communication and cooperation with SSE, offering investors a wider range of investment choices and deepening the financial cooperation between the two countries.

ETFs play a crucial role in the capital market’s contribution to the real economy and national strategies. Over recent years, the SSE has focused on continuous product innovation and mechanism optimization, thereby promoting the high-quality development of the ETF market. As of the end of November 2023, the SSE has a total of 528 ETF products, with a market size surpassing RMB 1.5 trillion yuan, which accounts for nearly 80% of the domestic market. The investment scope of SSE’s cross-border ETFs covers the markets in the United States, Germany, France, Japan, the Republic of Korea, Singapore, and Hong Kong. The introduction of the Shanghai-Singapore ETF Connectivity will enrich the cross-border fund product system of the SSE, enhance the international development capabilities of the asset management industry, and cater to the wealth management needs of residents. Moving forward, under the unified arrangement and guidance of the China Securities Regulatory Commission, the SSE will expand the depth and breadth of cross-border ETF cooperation, improve the ETF Connectivity mechanism, attract medium and long-term funds from both domestic and overseas sources, and promote the high-standard institutional two-way opening up of the capital market.