The Singapore Exchange seeks to attract more Chinese and Southeast Asian companies to list in Singapore.

A senior executive from the Singapore Exchange said that the exchange is seeking to attract more companies from China and Southeast Asia to list in Singapore in order to boost the momentum of initial public offerings. Pol de Win, Global Head of Sales and Origination, expressed optimism about the new dual listing mechanism that the exchange is planning to launch in mid-year in collaboration with Nasdaq, which is expected to attract more high-growth companies. The stock price of the Singapore Exchange fell on Thursday after the revenue for the first half of the year was below analysts' expectations. "There are more deals in the pipeline now compared to six months ago," de Win said. "We see new deals coming in, moving into preparation stages at a faster pace." Data showed that the total fundraising from IPOs last year surged to $1.9 billion, reaching a six-year high, indicating a market recovery. In addition, intellectual property data provider Patsnap is reportedly considering dual listing in Hong Kong and Singapore. It was also reported by sources that a real estate investment trust subsidiary of Boustead Singapore Ltd. is seeking to list in Singapore as early as March.