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Singapore investors get to trade China A-shares, but how many will?

Retail investors here tend not to trade foreign shares apart from Malaysian stocks

Published Wed, Nov 12, 2014 · 09:50 PM
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Singapore

RETAIL investors in Singapore can start trading in China's A-share market next Monday through the Shanghai-Hong Kong Stock Connect programme, some brokerages here told The Business Times.

The brokerages gearing up are DBS Vickers, Phillip Securities, Maybank Kim Eng Securities and CIMB Securities, although it is not clear what the level of investor interest will be.

Said Carol Fong, chief executive of CIMB Securities: "For A-share trading, clients can call in first to place their orders. Eventually this will also migrate to our Internet trading platform. Normal brokerage fees will apply."

A Maybank Kim Eng broker said that commissions will "mirror Hong Kong rates".

A Phillip Securities webpage noted that investors can also trade A shares on its Poems 2.0 Internet trading platform. Trading hours will be 9.30am to 11.30am and 1pm to 3pm, with settlement one day aft…

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