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BOURSE operator Singapore Exchange (SGX) said it opened a representative office in Beijing on Friday in a bid to strengthen the city-state's business and financial links with China.
'The setting up of the Singapore Exchange's first overseas representative office in Beijing underscores the exchange's commitment to China,' said Singapore trade minister and deputy central bank chairman Lim Hng Kiang.
'This representative office will further strengthen existing links between our two business and finance communities under the broader China-Singapore partnership framework,' he said in a speech in Beijing, copies of which were released in Singapore.
He said many Chinese companies expanding beyond their domestic market have chosen Singapore as their springboard to the region by listing on the Singapore exchange.
A total 141 China firms with a total market capitalisation of S$45.1 billion were listed on the Singapore Exchange as of March 31, SGX said in a statement.
The list includes Yanlord Land Group, a developer of high-end residential properties in China, and CapitaRetail China Trust, the world's largest China real estate investment trust, Lim said.
Major China shipbuilders Yangzijiang Shipbuilding and Cosco Corporation are also listed in Singapore.
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