SGX drops Chinese shipbuilder’s stocks

Financial Times, 11 Sep 2008, John Burton

One of the three China-related stocks included in the Singapore Exchange’s Straits Times Index has been dropped in a setback for the bourse's efforts to attract listings of mainland companies.

The demotion of Yangzijiang Shipbuilding, which was included only nine months ago, underscores criticism that the SGX has been unable to attract leading companies from China as it competes with Hong Kong to become a regional exchange.

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