On April 18, the Singapore Exchange (SGX) set up its first overseas representative office in Beijing as part of its plans to develop the Chinese capital market. It is the fifth office established by foreign stock exchanges. 

As of 31 March, the SGX has a total of 141 Chinese companies listed with a total market value of S$45.1 billion. So far, the SGX has signed cooperation memorandums with Liaoning, Shandong, Zhejiang, and Wuxi respectively.

The SGX Beijing Office will be headed by Lloyd Loh, Chief Representative. He said that this representative office will contribute to the continued strengthening of ties between the SGX and the regulatory authorities as well as the business community in China, to provide a listing platform for more Chinese companies.

The SGX was incorporated, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). Its main functions include financing, risk transfer, trade, liquidation and cleaning, etc. It also launched the CATALIST (previously SESDAQ), a Sponsor-supervised market.