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Singapore Exchange (SGX) signed on Tuesday a listing memorandum of understanding (MOU) with the Shandong Finance Office.
The latter is the government body responsible for driving financial development of Shandong province in China, and helps businesses in their structuring and fundraising plans.
Under the agreement, both parties will work together to develop communication channels, foster continued ties in areas including information exchange and the listing of more Shandong companies on SGX.
At present, 17 of the 144 Chinese companies listed on SGX originate from Shandong.
\"We look forward to a closer working relationship to help more Shandong companies understand our market environment and offering so as to enable them to tap the Singapore capital market,\" said SGX head of listings Lawrence Wong of the new agreement to encourage more Chinese companies to list on SGX.
