China firms can directly list in Singapore from tomorrow

[weijian]

First of all, I didn't read the official document of the new framework, but base on info from the news article. An excerpt of the news article below, which make me assume that it is the case.

"Under the new direct listing framework, which will take effect tomorrow, companies incorporated in China will be able to list on SGX directly, provided their applications have been approved by both CSRC and SGX."

Secondly, I didn't have objection on the Mr. d.o.g views, but I do have different view on his following-up action.

I wouldn't say the new framework will ensure "fraud-free" S-Chips for investors, but it might improve the odd among them.

Here is the link to the full document:
http://infopub.sgx.com/FileOpen/20131125...eID=265655

Potential issuers to file their applications with the CSRC and SGX. CSRC will review these applications before granting administrative licensing approval for the issuer’s listing in Singapore. Subject to satisfactory review, SGX will then issue an eligibility-to-list.

Seems like just 2 watchdogs to me.