By Yifan Wang 

Singapore Exchange Ltd. said it has partnered with Nasdaq Inc. to streamline the process of dual listings in the Asian city-state by companies traded on the U.S. tech exchange.

The Singapore exchange operator will accept listing documents based on information from companies' filings in the U.S., in addition to further disclosures specifically required in Singapore, it said late Tuesday.

The two exchanges will also facilitate the regulatory exchange of information on dual-listed companies to help them better access capital markets funding in both jurisdictions.

China's largest tech companies traded in the U.S. have increasingly sought listings in Asia amid rising U.S.-China tensions.

Since late 2019, e-commerce firms Alibaba Holdings and, as well as gaming developer NetEase Inc., have floated shares in Hong Kong.

On Monday, Alibaba's financial arm Ant Group unveiled plans for dual listings in Hong Kong and Shanghai, a deal that could become one of the largest share offerings in history.

Write to Yifan Wang at

(END) Dow Jones Newswires

July 21, 2020 21:17 ET (01:17 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Historical Stock Chart
From Sep 2020 to Oct 2020 Click Here for more Nasdaq Charts.
Historical Stock Chart
From Oct 2019 to Oct 2020 Click Here for more Nasdaq Charts.