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Keeping it in the family

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Why you can trust SCMP
SCMP Reporter

WHEN the Jardine group de-listed from Hong Kong and set up shop at the Singapore stock exchange, the hope was that out of sight did not mean out of mind.

Despite an international following among institutions who were judged not to care where the stock was listed, Hong Kong punters and funds still accounted for a large amount of Jardine's trading liquidity.

Recent grovelling toward China by the group's managing director, Alasdair Morrison, made an odd sight, but was a clear signal of its intent to remain a Hong Kong player.

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Yet, just to make sure us locals didn't forget them, Jardine has notched up another first in cross-border share antics.

It has arranged for the select list of brokerages it indicated as its preferred dealers to have direct access into the Singapore Exchange auto-trading system. The group of nine, which has a strong Singapore presence, now gets direct access to trade Jardine stock from their Hong Kong dealing rooms.

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In fact, given the deal Jardine struck with the Singapore Exchange to maintain Hong Kong commissions for trading in its shares, investors could be forgiven for not noticing the stock had left in the first place.

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