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Singapore bourse bulks up with deals to fight Hong Kong threat

SGX CEO unfazed by HKEX's moves to boost its standing in Asia

The SGX Center: The Singapore and Hong Kong stock exchanges are still working out how to regulate SPACs, which have drawn a flood of investor cash in the U.S.

SINGAPORE -- In the space of a few weeks, Loh Boon Chye, chief executive of the Singapore Exchange, has seen dramatic evidence of the fierce competition between Asia's stock exchanges -- but also signs that his strategy to address those rivalries and build a broader business is paying off.

In May, SGX shares suffered their worst one-day fall in 10 years when its agreement with index publisher MSCI to provide a variety of derivatives and options products was not renewed.

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