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SGX looks again to draw from China well

Exchange explains strategy as securities business halts slide; its Q3 profit rises 16.4% to S$88.2m

Published Wed, Apr 22, 2015 · 09:50 PM

Singapore

SINGAPORE Exchange (SGX) is turning once more towards China as a key source of growth after a few wary years marred by a number of S-chip scandals.

"As China becomes more and more important for us and we do more and more in China. . . It will be an expansion of the team (in China), both in Beijing and Shanghai, where we see a lot of our clients," SGX chief executive Magnus Bocker said on Wednesday at a results briefing.

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