This milestone marks a significant step in the RMB internationalization.
The group has been working to enhance U.S. market access in the Asia Pacific region.
They will explore piloting the “over-the-counter” bond market framework.
Yulan bonds are issued through the Shanghai Clearing House, and link Chinese issuers with global investors.
SGX Group is seeing more interest in derivatives that offer equity exposure to China and Taiwan.
This enables investors to diversify assets across both Hong Kong and Mainland China markets.
SSE-SGX ETF Product Link builds on a similar link between SGX and Shenzhen last year.
They will explore collaboration opportunities including cross listing, fintech and ESG.
Cost of ABS issuance fell by around 25 basis points.
