The Listing Choice in Asia The Listing Choice in Asia Paulina McGroarty Head EMEA Listings Head EMEA, Listings September 2011
Singapore – A Global Financial Centre � Home to global companies – Asia Pacific headquarters to >1/3 of Fortune 500 companies � Wealth hub with largest institutional investor base in Asia – >US$1.5 trillion assets under management � World’s 4th largest foreign exchange trading centre – >US$330 billion average daily volume in 2010 � Asian logistics centre – World’s largest bunker port and 2nd largest container port � Trading centre for commodities – 300 global trading companies – 90 top global traders globally/regionally headquartered here SGX The Asian Gateway SGX The Asian Gateway The Listing Choice in Asia 1
Trading Asia in One Place Asian companies Equity Derivatives China and India Commodities Bonds listed in US � Asia’s most � Single point � Only exchange � Large Asian � Asia’s bond Trading: � Rubber international access to Asian outside China to companies traded centre � Fuel oil listing venue markets offer futures for on newsflow in � Copper � 1300 bonds exposure to Asian time zone � 780 listed � Covering 80% of � Zinc 780 li t d C i 80% f Chi China’s 50 largest ’ 50 l t as ADRs ADR Zi � Aluminium � 30 countries companies Asia’s equity companies. markets � Asia’s leading � Futures contracts � 10 currencies, OTC Clearing: � Rubber ETF venue on India’s largest g including RMB g � Coal companies � Iron Ore � ETFs � Freight � Energy � Bonds Bonds SGX The Asian Gateway SGX The Asian Gateway The Listing Choice in Asia 2
Why List in Singapore International listing venue with Fast to Market Process 1 2 Wealth Management Hub of Asia Better Valuations 3 Chinese Investors Can invest in Singapore 4 Retail Interest Retail Interest 5 Size matters - Inclusion in Singapore Index 6 7 L Lowest in Asia Trading Costs for Investors t i A i T di C t f I t 8 First Class Support in Investor Relations SGX The Asian Gateway SGX The Asian Gateway The Listing Choice in Asia 3
International Listing Venue London Stock Exchange London Stock Exchange New York Stock Exchange New York Stock Exchange Hong Kong Stock Exchange Hong Kong Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Non- Non-US Non- China Non-UK Japan 7% 1% 24% 0% UK US China Japan 76% 93% 99% 100% Singapore Exchange Country of Origin for Overseas Companies Greater China 69% 780 Listed Companies, Japan & Overseas Korea Market Capitalisation 41% Singapore 4% 59% Australia Over US$700 billion Over US$700 billion 3% Europe Southeast 3% Asia 19% US Others 1% India 0% 1% Source: Bloomberg & Singapore Exchange SGX The Asian Gateway SGX The Asian Gateway The Listing Choice in Asia 4
33 of 204 RMB bonds are listed61% of the listed RMB bonds are listed on SGX li t d SGX % of listed RMB bonds on Selected Exchanges g London 204 RMB bonds (YTD) 3% Luxembourg 18% Listed , 33 Hong Kong Hong Kong SGX 18% Unlisted, 61% 171
Lower Trading Costs for Investors � Asia’s lowest trading costs with no stamp duty and no sales tax Cost of securities trading 12 10 (bps) 8 Total Fees Tax 6 Broker Commission 4 Exchange Fees 2 2 0 Singapore Hong Kong A US$10billion company with 100% annual turnover velocity will cost its investors US$20million in stamp duties in Hong Kong SGX The Asian Gateway SGX The Asian Gateway The Listing Choice in Asia 6
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