Offshore interest in Chinese equities boosts SGX China A50 futures

Singapore

REFLECTING the recovery of offshore interest in Chinese equities, the open interest of the Singapore Exchange (SGX) China A50 Index Futures surged to a 17-month high last month.

An SGX market update said that the open interest hit a notional US$2.2 billion in June, up 21.1 per cent from May. The value was the highest since February 2013.