SINGAPORE: Two of Asia's biggest exchanges will cooperate to promote the internationalisation of the renminbi.
The Singapore Exchange (SGX) and the Hong Kong Exchanges and Clearing (HKEx) on Wednesday signed a memorandum of understanding (MOU) to leverage each other's strengths and capture more of Asia's growth.
Often compared and regarded as rivals, SGX and HKEx surprised the market with a new collaboration covering the areas of new technology, regulation, and joint product development.
The yuan-denominated products rolled out could be bonds, commodity, equity or currency-based.
In a statement, both exchanges also said they will work on enhancing connectivity and infrastructure regulations impacting Asia.
More news on SGX, HKEx to promote internationalisation of renminbi
The Singapore Exchange (SGX) and the Hong Kong Exchanges and Clearing (HKEx) on Wednesday signed a memorandum of understanding (MOU) to leverage each other's strengths and capture more of Asia's growth.
Often compared and regarded as rivals, SGX and HKEx surprised the market with a new collaboration covering the areas of new technology, regulation, and joint product development.
The yuan-denominated products rolled out could be bonds, commodity, equity or currency-based.
In a statement, both exchanges also said they will work on enhancing connectivity and infrastructure regulations impacting Asia.
More news on SGX, HKEx to promote internationalisation of renminbi
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