More US-listed Chinese firms likely to list in Singapore

Singapore Exchange (SGX) is expecting more US-listed Chinese companies in coming months following Nio’s technical listing in May, said chief executive officer Loh Boon Chye. Chinese firms are facing greater regulatory and delisting risks in the US, prompting a hunt for alternative venues, including Singapore. There are already at least 11 China-domiciled firms that have listings in both the US and Singapore. Data showed that Singapore hasn’t had an initial public offering (IPO) in three months, with the haul of just about USD385 million so far this year. SGX was in talks with companies in China and Southeast Asia operating in areas such as financial and consumer technology that it would like to attract. Loh said that there are other companies listed in the US that they want to talk to.