The Singapore-listed Chinese shipbuilder will start dual currency trading of its shares in Chinese yuan and Singapore dollars from 5 August. Yangzijiang will have an RMB counter in addition to its existing SGD counter.
Explaining the rationale behind the dual currency trading Yangzijiang said: “There are many investors based in China mainland, Hong Kong and other regions, who wish to invest in Yangzijiang’s shares using RMB and now with the dual currency trading platform, the investors have an opportunity to participate in the Group’s shareholding without the worry of foreign exchange risk or incurring charges during currency conversion.”
