September 22, 2006

China Futures: Singapore or Shanghai?

An interesting legal challenge from the Shanghai Securities Exchange over the Singapore exchange's new index, the first equity index of futures contracts based on Yuan backed stocks in China (A shares). Singapore is a new favorite for Chinese firms looking for a foreign listing. Already there are around 100 different stocks of Chinese companies listed in Singapore, representing 5% or more of the exchange's market value. Will Singapore rise if Shanghai remains bogged down by over regulation? Could Singapore even rival Hong Kong as many have speculated for years? The need for reform in China's capital markets was mentioned numerous times by Treasury Secretary Paulson in his latest trip to China.

Comments: Post a Comment

Subscribe to Post Comments [Atom]

<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]