China supports Singapore listings mechanism

China's top securities regulator said on Friday that it supports the the Singapore Exchange's (SGX) mechanism and policy arrangements to help Chinese firms get listed in Singapore.

The China Securities Regulatory Commission (CSRC) made the response after the SGX talked of stepping up cooperation with China in facilitating the listing of Chinese companies in Singapore in a letter sent to the CSRC in October, CSRC spokesman Zhang Xiaojun said at a press conference.

Zhang said that the SGX plans to release more detailed documents soon about the procedures and basic requirements of listing.

He said that the CSRC supports such arrangements, which are believed will make it more convenient for Chinese companies to be listed.

According to the spokesman, the arrangements mark concrete measures reflecting the achievements made through October's 10th meeting of the China-Singapore Joint Council for Bilateral Cooperation, a high-level institutional mechanism established in 2003 to oversee bilateral cooperation.

Zhang added that the CSRC is also willing to cooperate with other overseas exchanges and regulatory agencies in boosting Chinese companies' overseas listings.