Singapore Exchange (SGX) has entered into an agreement with Shanghai Stock Exchange’s (SSE) wholly-owned subsidiary, China Investment Information Services (CIIS). SGX is the 7th overseas exchange that join China Investment Information Platform (CIIP). CIIS established CIIP, aiming to provide an aggregate business and technical services for overseas and mainland China information vendors. CIIS will distribute SGX securities market data within Mainland China through CIIP, offering market participants real-time access to prices in Asia’s most international marketplace.
Under the agreement, CIIS will be responsible for the distribution, marketing and sales of key SGX securities data to market data vendors, brokers and media channels in China, giving investors exposure to additional investment opportunities. SGX will further support this initiative with on-the-ground investor education.
Investors can gain access to data on listed companies across wide-ranging industries, including SGX’s REITs (SREITs) and Property Trusts. Singapore is Asia ex-Japan’s largest REITs market with 42 S-REITs, and Property Trusts, which have a combined market capitalisation of over S$110 billion.
Wang Wei, Managing Director of CIIS said, “We are very pleased to cooperate with Singapore Exchange. We hope that by availing more market information products, Chinese market participants will have better knowledge and understanding of portfolio management. We are also looking forward to reinforcing our partnership and exploring further collaboration in other areas.”
Ng Kin Yee, Managing Director, Head of Data, Connectivity and Indices at SGX said, “Market participants require reliable and timely information to make investment decisions, and we are excited to bring our international offerings to investors in China. As we expand our partnership with SSE, we look forward to strengthening the link between Singapore and China’s capital markets and further support China’s internationalisation efforts.”
CIIS is expected to commence distributing SGX’s securities market data with effect from today.
Established in Hong Kong in 1994, CIIS is the wholly owned subsidiary of SSE, acts as the overseas sole agent of SSE market data. CIIS provides licensing and technical connection of Mainland China market data to overseas information vendors, and provides overseas market data to Mainland China information vendors.