Chinese companies plan Singapore IPOs to expand amid trade tensions, seeking gateway to global markets

From Yahoo Finance: 2025-05-17 19:04:00

At least five Chinese and Hong Kong companies plan IPOs in Singapore in the next 12-18 months to expand in Southeast Asia amid global trade tensions. SGX, struggling with listings, hosted only four IPOs in 2024 compared to Hong Kong’s 71. Companies eye SGX due to the trade war and Trump’s tariffs. Enquiries spiked after Trump’s trade actions.

Chinese companies see Singapore as a gateway from China to the world. SGX is important for business activities and trade. CGS International is helping two Chinese companies list on SGX this year. Some companies could raise $100 million via primary listings. Beijing’s ties with Southeast Asia encourage Chinese companies to increase presence in the region.

Singapore announced measures to strengthen its equities market, including a 20% tax rebate for primary listings. More measures are expected in the second half of 2025. EY’s Asia Pacific IPO Leader believes the initiatives will boost interest in the local IPO market. However, Singapore is not expected to close the gap with Hong Kong in equity listings due to conservative investors and stricter listing requirements.



Read more at Yahoo Finance: Exclusive-Some Chinese companies eye Singapore listings to expand markets amid trade war