Singapore will be given consideration as one of the investment destination under the new Renminbi Qualified Domestic Institutional Investor (RQDI) scheme. This will allow qualified Chinese institutional investors to use RMB to invest in Singapore's markets. The measure will help to broaden the universe of assets available to Chinese investor as well as the investor base for Singapore's capital markets.
China and Singapore will introduce direct currency trading between the Chinese Yuan and Singapore Dollar. New measures will allow cross-border flows of RMB between Singapore and Suzhou Industrial Park (SIP) as well as Tianjin Eco-City TEC)
In addition, Singapore and china have agreed on and announced measures to strengthen regulatory cooperation. Relevant agencies are in discussions to facilitate China-incorporated companies which have received regulatory approval to list directly in Singapore, instead of through entities incorporated outside China
Furthermore, the Singapore Exchange and Shanghai Future Exchange have signed an MOU to strengthen collaboration in the joint development of commodity derivatives