SGX and Shenzhen Stock Exchange Announce the Concurrent Listing of Two ETFs

Singapore Exchange (SGX Group) today marked the concurrent listing of two ETFs in Singapore and Shenzhen as part of the ETF link between SGX and Shenzhen Stock Exchange (SZSE), garnering combined assets under management (AUM) of over S$270 million.

The CSOP CSI Star and ChiNext 50 Index ETF, managed by CSOP Asset Management and listed on SGX, offers investors exposure to 50 innovative and high-growth potential companies listed on Shanghai Stock Exchange (SSE) STAR Market and SZSE ChiNext market.

Concurrently, SZSE welcomed the listing of China Southern CSOP CGS-CIMB FTSE Asia Pacific Low Carbon Index ETF in Shenzhen, marking the first SGX-listed ETF directly available in China and reflecting strong domestic interest for Asia Pacific companies in the low carbon space. CSOP CGS-CIMB FTSE Asia Pacific Low Carbon Index ETF, the world's first low carbon ETF with a geographical focus on developed and emerging markets in Asia Pacific, listed on SGX in September 2022.  

Loh Boon Chye, Chief Executive Officer, SGX Group, said: "With the listings today, SGX Group and Shenzhen Stock Exchange have welcomed three participating ETFs under our ETF link this year, deepening the financial collaboration between China and Singapore. This is an exciting chapter for both exchanges given the rising prominence of ETFs in investors' strategies and growing demand for portfolio diversification into broader geographies and sectors. We look forward to continuing our work with SZSE and issuers to further enhance market connectivity and create a vibrant ETF ecosystem between the two countries."

Leong Sing Chiong, Deputy Managing Director, Markets and Development Group, Monetary Authority of Singapore (MAS), said: "The ETF Product Link builds on China and Singapore's strong cooperation in RMB internationalisation, and the growing presence of our financial institutions in each other's markets. We look forward to new partnerships and growth opportunities for our financial institutions as we broaden financial cooperation in the capital markets and in emerging areas such as green finance."