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SGX details plans for minimum share price

[SINGAPORE] Singapore Exchange (SGX) has unveiled its most detailed proposals yet on setting a minimum share price for the mainboard and on creating industry-led enforcement committees. It is also seeking additional disciplinary powers - all with the goal of improving market quality - especially following the 2013 collapse of penny stocks. Richard Teng, SGX's head of regulation, said: "Trust and...


ICBC sets new record with Lion City bond issue

[SINGAPORE] Industrial and Commercial Bank of China's (ICBC) latest offshore yuan offering scored a couple of firsts, while proving there is ample demand for such issues in the market. ICBC on Tuesday said its Singapore branch has issued a total of four billion yuan (S$821.4 million) of Lion City hybrid bonds. Not only will it be the biggest Lion City bond issuance - breezing past the two billion...


Singapore and London seen joining HK as top yuan hubs

SINGAPORE'S efforts to boost its status as an offshore yuan hub could help it become a dominant global player within five years, according to an analyst. Mr Fred DiCocco, the Asia-Pacific head of sales and relationship management at BNY Mellon's Treasury Services, said Singapore and London can catch up with market leader Hong Kong, which has a 71 per cent market share. Mr DiCocco pointed out that...


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