Singapore

MORE S-chips may land on Singapore shores soon. The Singapore Exchange (SGX) has teamed up with a major Chinese bank in a bid to get more Chinese companies to tap capital markets here, including listing on the local bourse and issuing offshore renminbi bonds.

The bourse inked a memorandum of understanding (MOU) on Monday with China Construction Bank (CCB), under which the two will "work closely on bringing Chinese companies to list in Singapore", it said in a filing after the market closed.