SGX and BOC to jointly develop China’s capital markets

Explore joint development of renminbi products and services.

Bank of China and the Singapore Exchange have signed a memorandum of understanding to cooperate in growing China's financial markets. They will explore joint development of renminbi products and services; promote SGX products in China and educational programs. BOC will also look into expanding its role in SGX's markets.

Bank of China Chairman Tian Guoli said that as one of China's largest commercial banks, BOC is committed to promoting the internationalization of the renminbi and related products and services for clients.

“This collaboration with SGX affirms our commitment to Singapore's financial markets, particularly the securities and derivatives exchanges, and to giving our clients access to opportunities in Asia's growing economies."

SGX CEO Magnus Bocker said the exchange is delighted to partner Bank of China in growing China’s markets.

“With this partnership, our customers can benefit from greater access to China and more tools to manage their risks. We look forward to more of such collaborations as we continue to strengthen and enhance SGX as the Asian Gateway.”