Page 59 - 期货和衍生品行业监管动态（2025年12月）

期货和衍生品行业监管动态

Republic of China Vice Premier of the State Council, Mr Ding Xuexiang.

The initiatives include:

 Appointment of DBS Bank as Singapore’s second Renminbi (RMB)

clearing bank. With the Industrial and Commercial Bank of China (ICBC)

Singapore branch being designated as the first RMB clearing bank in 2013,

the appointment of DBS Bank as the second RMB clearing bank in

Singapore will support further growth of the offshore RMB market in

Singapore, and facilitate the use of RMB for trade, investment and other

economic activities in line with regional needs.

 Support secondary listings of A-share companies on the Singapore

Exchange (SGX). MAS and the China Securities Regulatory Commission

(CSRC) expressed support for Chinese corporates to secondary list in

Singapore. This will enable such corporates to access international capital

and provide additional funding channels for regional business expansion. To

facilitate this, MAS and SGX will be extending the secondary listing

framework, including the streamlined prospectus requirements, for

companies listed on the Shenzhen Stock Exchange and the Shanghai Stock

Exchange.

 Commencement of the over-the-counter (OTC) bond market

arrangement through Bank of China and DBS Bank. The arrangement

enables designated banks in Singapore to provide institutional investors with

access to selected fixed income products on the China Interbank Bond

Market. It complements Singapore’s strengths as a fixed income and asset

management hub, further reinforcing Singapore’s role as a gateway for

investors seeking Asian investment opportunities.

 Launch of the e-CNY pilot for Singapore travellers. The e-CNY pilot

enables Singapore travellers to open and top-up e-CNY wallets locally for

merchant payments in China. This initiative complements other linkages to

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