After Nio, more US-listed Chinese companies could come to Singapore, says Exchange CEO

Singapore Exchange Ltd. SPXCY expects more U.S.-listed Chinese company listings as the exchange tries to woo the companies at a time when they face greater regulatory and delisting risks, according to a report by Bloomberg. /p>

Chief Executive Loh Boon Chye told Bloomberg in an interview that if market conditions were favorable for the remainder of the exchange's fiscal year through June, there would be a fundraising, but if they are not so conducive, it will be a technical secondary rating.

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Former listing: Chinese electric vehicle manufacturer NIO Inc. NIO was listed on the Singapore Stock Exchange in May this year, offering its investors a third venue after New York and Hong Kong . According to data compiled by Bloomberg, at least 11 Chinese-domiciled companies are listed in the United States and Singapore.

The Bottleneck: Enrollment plans across the world this year have been delayed due to high inflation and rising interest rates. Companies that have delayed unit offerings in Singapore include big names such as Thai Beverage PCL TBVPF and Olam Group Ltd. OLGPF, according to the report.

Efforts: SGX has signed an agreement with the New York Stock Exchange that allows for better collaboration on dual listing of companies, among other things, Bloomberg said. The exchange was in talks with companies in China and Southeast Asia operating in the areas of fintech and consumer technology, which it would like to attract, according to the report.

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