Chinese and Singaporean financial institutions participate in the Belt and Road bond ETF listing.
Chinese Ambassador to Singapore H.E. Cao Zhongming attended the listing ceremony of the CGS-ICBC-CFETS Belt and Road Bond Index Exchange-Traded Fund (ETF) on the Singapore Exchange (SGX) on 15 October 2026. Jointly launched by Industrial and Commercial Bank of China (ICBC), China Galaxy Securities (CGS) and China Foreign Exchange Trade System (CFETS), the ETF was introduced to facilitate international capital participation in Belt and Road cooperation and enhance connectivity between Chinese and Singaporean financial markets.
During the ceremony, Ambassador Cao delivered a speech highlighting the role of the ETF in facilitating financial connectivity between China and Singapore. He noted that the listing further strengthened the links between the two countries’ financial markets and supported international participation in high-quality Belt and Road cooperation.
Ambassador Cao expressed his hope that both sides would continue to deepen and innovate financial cooperation, delivering more tangible outcomes. His remarks underscored the importance of continued engagement between Chinese and Singaporean financial institutions in developing financial cooperation and supporting investment opportunities associated with the Belt and Road Initiative.
The ceremony was attended by Mr. Zhang Weiwu, Senior Executive Vice President of ICBC, and Mr. Xue Jun, President of CGS. Representatives from the Monetary Authority of Singapore (MAS), the Singapore Exchange and other institutions also participated in the event.
The CGS-ICBC-CFETS Belt and Road Bond Index ETF was jointly launched by three Chinese financial institutions: ICBC, CGS and CFETS. The listing on the Singapore Exchange provided a platform for the fund to enter Singapore’s financial market, with the initiative intended to facilitate international capital participation in high-quality Belt and Road cooperation.
The event highlighted the involvement of financial institutions from China and Singapore in developing links between their respective financial markets. Through continued financial cooperation and innovation, both sides aim to achieve practical outcomes in support of international capital participation and Belt and Road-related financial activities.
Source: Embassy of the People’s Republic of China in the Republic of Singapore
