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Thursday, 8 October 2026
Markets

Chinese Companies Renew Focus on SGX as Secondary Listings Gain Traction

By Abigail Cheong2 min read

Singapore, 1 February 2026 – Chinese companies are increasingly exploring opportunities to list on the Singapore Exchange (SGX), signalling a resurgence of interest in the city-state’s capital markets as an alternative international platform for equity capital access and investor reach.

Market participants highlighted that capital-markets connectivity between Singapore and China has deepened significantly, underpinned by collaboration through mechanisms such as the Singapore-China Joint Council for Bilateral Cooperation (JCBC). At its 21st meeting in Chongqing, both Singaporean and Chinese authorities endorsed proposals to support secondary listings of China’s A-share companies on SGX, with measures introduced to streamline prospectus requirements and simplify listing processes.

Under the new framework, companies that already meet A-share listing criteria in China can pursue secondary SGX listings without separately complying with full Singaporean listing requirements, a development described by SGX’s head of capital markets for Greater China as a substantially easier path compared with traditional cross-border listings. SGX has even indicated it will permit firms to use China’s accounting and audit standards in such scenarios.

That regulatory alignment has already spurred enquiries from Chinese firms and accelerated preparatory work on dual-listing processes, according to sources. Analysts noted that this trend coincides with a desire among larger, more established Chinese companies to enhance regional presence and global investor visibility beyond the domestic A-share market, where IPO backlogs and waiting times for fundraising can be long.

Data show that around 100 Chinese companies are already listed on SGX, accounting for close to 20 % of the exchange’s total listed issuers, a legacy of earlier waves of cross-border capital flows. But the profile of prospective entrants has shifted: whereas previous listings were concentrated among smaller manufacturing and processing firms, newer candidates are typically larger entities with mature brands, stronger governance standards and heightened interest in Southeast Asian expansion.

Observers frame the renewed interest in SGX within a broader strategic context. Singapore’s neutral regulatory environment and its role as a gateway to ASEAN markets make it an attractive venue for Chinese companies seeking diversified investor bases and regional growth platforms. Indeed, Chinese firms view SGX not merely as a listing destination, but as a springboard for cross-border capital engagement and business expansion across Asia.

For SGX, the potential inflow of dual-listed Chinese names represents a valuable injection of liquidity and depth into its equity markets, which have historically been more modest in new issuance compared with larger hubs like Hong Kong Exchanges and Clearing. The success of secondary listings could reinforce Singapore’s positioning as a vibrant international capital-markets centre while strengthening financial ties between China and Southeast Asia.

Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.