HSBC is positioning the new dual-listing bridge between the Singapore Exchange and Nasdaq as a key driver for Singapore's status as a premier financial hub.
Michael Roberts, HSBC's chief executive for corporate and institutional banking, stated that the framework, combined with rising intra-Asia trade, places Singapore in a strong position to attract companies to establish regional headquarters.
The bank views the mechanism as a way to deepen market connectivity and liquidity for issuers seeking access to both Asian and US investor bases.
The endorsement comes as Nasdaq has reclaimed its position as the world's leading initial public offering market, overtaking Hong Kong following the massive listing of SpaceX earlier this month.
This shift marks a significant reversal in global capital flows, with US markets regaining dominance in attracting high-growth technology and space-sector listings.
For Singapore, the dual-listing bridge offers a strategic pathway to retain and attract listings that might otherwise gravitate solely toward New York or London.