Singapore, 30 March 2021 – Haitong International Securities Group Limited (“Haitong International” or “The Group”, stock code: 665.HK), announced today that its subsidiary Haitong International Securities Group (Singapore) Pte. Ltd. ("Haitong International Singapore") has been admitted as a Securities and Derivatives Clearing Member of the Singapore Exchange (SGX) and a depository agent of The Central Depository (Pte) Limited (CDP).
The admission is significant to Haitong International Singapore, as it shows SGX’s recognition of its proven capabilities and excellence in business operation, compliance and risk controls, market intelligence and post-trade services across asset classes and global markets as well as its strong client network.
To date, Haitong International Singapore has successfully obtained the full suite of memberships at the SGX, which allows it to further expand its current service scope and provide streamlined infrastructural services to its clients in the Greater China region and worldwide integrating settlement, clearing and custody service offerings at competitive rates.
Since its incorporation in 2014, Haitong International Singapore has positioned itself as the strategic regional hub of Haitong International in Southeast Asia. Haitong International Singapore, through its subsidiaries in Singapore, is currently Capital Markets Services (CMS) Licensee,Exempt Financial Adviser and the accredited Issue Manager for mainboard listings on the SGX, which allows it to provide services relating to corporate finance, private wealth management, asset management and global markets to local, Greater China and global clients.
Haitong International Singapore has been dedicated to promote and support Chinese corporates and capital to establish their network in Singapore and the Asian region, while also to facilitate corporates in Southeast Asia to develop business in China through Singapore capital market. Haitong International Singapore offers diversified corporate finance services including IPO, secondary market share placement, bond issuance, private financing, M&A advisory, etc. To date, it has completed over 20 deals in Singapore market.
In recent years, Haitong International Singapore has successfully completed several signature deals including the SGD bond issuance for Chongqing Banan Economic Park a Chinese local government financing vehicle (LGFV). The deal marked as the first SGD bond issuance under the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity, raising S$170m including a subsequent re-tap; it also participated in several REIT IPOs and secondary market deals, such as the first outlet mall REIT IPO in Asia for Sasseur REIT, etc.
Haitong International Singapore provides distinctive wealth planning, investment trust, insurance and other wealth management services to high-net-worth individuals and institutional clients, and offers innovative fund products such as the Haitong MSCI China A-share ESG ETF and other REIT products. Haitong International global markets business now covers the Singapore market and provides global institutional clients with comprehensive services including equity research, sales and trading.
Henry Shi, member of Executive Committee, Group Head of Global Markets at Haitong International, said, “We have marked another important milestone in Haitong International's global business by obtaining the full suite of SGX memberships. Singapore has always been at the core of our business strategy. Going forward, Haitong International will continue leveraging its information, trading and capital intermediary functions and promote greater cross-border capital flows between Singapore and other markets.”
Chew Sutat, Senior Managing Director, Head of Global Sales and Origination at SGX, said, “We are pleased to welcome Haitong International Singapore as our Securities and Derivatives Clearing Member and CDP Depository Agent. With Haitong International’s presence in Singapore and strong footprint across Greater China, we look forward to working with them to enhance the distribution of our growing suite of securities and derivatives products to their network of clients, and strengthen the link between Chinese investors and capital markets in Singapore.”
Re-disseminated by The Asian Banker