Page 53 - 期货和衍生品行业监管动态（2023年12月刊）

期货和衍生品行业监管动态

pilot that will allow travellers from both countries to use e-CNY for tourism

spending in Singapore and China. This will enhance convenience for

travellers when making purchases during their overseas travel.

 Launch of the Exchange Traded Funds (ETF) Product Link between the

Singapore Exchange (SGX) and Shanghai Stock Exchange (SSE).

Building on the successful launch of the ETF Product Link between SGX and

Shenzhen Stock Exchange (SZSE) at the 18th JCBC in 2022, SGX and SSE

signed an MOU in May 2023 to establish an ETF Product Link. On 1

December 2023, CSOP Huatai-Pinebridge SSE Dividend Index ETF and the

CSOP iEdge Southeast Asia+ TECH Index ETF were launched on SGX and

SSE respectively as the first product pairing under the new ETF Product Link.

This successful launch opens up greater collaboration opportunities between

fund managers in both markets, and improves investors’ access to ETF

products in each other’s markets.

 Signing of MOU between SGX and Guangzhou Futures Exchange

(GFEX). SGX and GFEX have signed an MOU to collaborate on information

exchange, mutual visits and training, and joint research on products and

business areas relating to green development.

Singapore’s local banks and China’s UnionPay International have also embarked

on early-stage feasibility discussions on a potential remittance linkage between

Singapore’s PayNow and UnionPay pursuant to each jurisdiction’s laws and regulations.

Such a linkage could facilitate secure, convenient and cost-effective cross-border

payments and remittances between the two countries.

Following the establishment of the China-Singapore Green Finance Task Force

(GFTF) at the 18th JCBC last year to deepen bilateral cooperation in green and

transition finance, the GFTF held its inaugural meeting in April 2023. Under the GFTF,

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