SGX disposes investment in the ICBC CSOP FTSE Chinese Government Bond Index ETF for $31 mil

Shares in SGX closed 12 cents lower or 1.27% down at $9.30 on Oct 10.

Singapore Exchange (SGX) has disposed of its investment in the ICBC CSOP FTSE Chinese Government Bond Index exchange-traded fund (ETF) for a total consideration of approximately $31 million.

The ETF is issued by CSOP Investments VCC.

According to the bourse filing dated Oct 10, SGX says it has no access to any sensitive information that the Singapore Exchange Regulation (SGX RegCo) receives in its regulatory capacity as the listing authority and regulator for the trading of the ETF.

“Existing policies and procedures are in place to deal with possible regulatory conflicts of interest, including the existence of Chinese walls and the escalation of any potential conflict to the independent SGX RegCo board,” says SGX in its statement. “This existing regulatory conflicts framework has applied through the investment period.”

Shares in SGX closed 12 cents lower or 1.27% down at $9.30 on Oct 10.

See Also:

• Click here to stay updated with the Latest Business & Investment News in Singapore

• SGX wins two Exchange of the Year awards

• SGX launches platform that offers investors access to multiple sources of over-the-counter FX liquidity

• RHB remains 'neutral' on SGX as its ytd performance remains below expectations

• Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World

• Get in-depth insights from our expert contributors, and dive into financial and economic trends

• Follow the market issue situation with our daily updates

• Or want more Lifestyle and Passion stories? Click here