The Singapore subsidiary says that membership of the exchange is an important milestone towards increasing unlocking services to Chinese corporate clients.

Singapore Exchange (SGX) has announced that it is adding Haitong International Securities (Singapore) to its securities and derivatives markets as a clearing member and a CDP depository agent.

Since incorporating in 2014, Haitong International Singapore has been building a gateway for Chinese corporates wanting access to Singapore's capital markets and others in Southeast Asia. The subsidiary of Hong Kong finanical services parent, Haitong International offers corporate finance services including IPO, secondary market share placement, bond issuance, private financing, and M&A advisory, with 20 deals struck to date in the Singapore market.

Henry Shi, on the executive committee and group head of global markets at Haitong, said that being granted full membership was an “important milestone” for the firm since establishing in Singapore and an “invaluable opportunity to provide our clients with a more comprehensive product coverage and settlement, clearing and fund custody service offerings.”

Chew Sutat, senior managing director at SGX, added: “With their presence in Singapore and strong footprint across Greater China, we look forward to working with them to enhance the distribution of our growing suite of securities and derivatives products to their network of clients, and strengthen the link between Chinese investors and capital markets in Singapore.”