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Foreign firms make Singapore home. So why do they list elsewhere?
Singapore’s small market size works against it, when it comes to listings. It should promote itself more aggressively as a gateway to the region.
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Out of 25 public listings on the Singapore Stock Exchange over the past two years, only three were Chinese companies.
PHOTO: ST FILE
Bernard Aw
As geopolitical tensions grow, ties to China are increasingly seen as a liability for even Chinese companies. This has led some of them to distance themselves from their home countries.
Singapore has emerged as an attractive choice for Chinese companies to “de-China” themselves and assume a Singaporean face. The Republic boasts several advantages such as political neutrality, business-friendly policies, strong business ties with mainland China, and a regional financial hub.
