🌏 SGX FTSE ST China Index – Snapshot & Highlights (2025)
The FTSE ST China Index on SGX tracks Singapore-listed companies that generate the majority of their revenue from or operate assets in China. It gives a focused lens on what many call "S‑chips" — mainland Chinese businesses that chose SGX as their listing venue. It’s a sharp tool for investors looking to tap into China exposure via the Singapore market.
The index is capitalisation-weighted, made up of SGX Mainboard and Catalist stocks meeting size and liquidity criteria. It’s reviewed quarterly to ensure it includes only tradable and sizable China-oriented listings. As of mid-2025, the index anchors about 15–20 stocks, with total combined market cap roughly USD 15–20 billion (as inferred from its performance profile).
🔝 Likely Key Constituents (China-Focused SGX Listings)
While I couldn’t source an exact list directly, here are some of the notable S‑chips likely featured in the index:
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Yangzijiang Shipbuilding Holdings – Major shipbuilder with strong China operations. Market cap around S$1.8 billion.
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Sembcorp Industries – Integrated utilities & marine, significant China footprint. MCap ~S$6.5 billion.
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SATS Ltd – High exposure via catering & ground services to Chinese carriers. MCap ~S$3.5 billion.
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Frasers Centrepoint Trust – REIT with China assets. MCap ~S$2.5 billion.
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Frasers Logistics & Commercial Trust – Logistics assets in China. MCap ~S$2.0 billion.
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Centurion Corp (Catalist) – Student housing across China. MCap ~S$1.2 billion.
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Food Empire (Catalist) – FMCG business with China distribution and sales. MCap ~S$1.4 billion.
Together, these names reflect the blend of logistics, industrials, real estate, and consumer sectors — all tied to Chinese growth through SGX venues.
📈 Why This Index Matters
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China exposure via SGX
You get China-driven storylines—industrial growth, consumer recovery, property demand—while trading within Singapore’s regulatory framework. -
Diversification within China theme
Rather than betting on one sector, this index provides a basket across industries capitalizing on China’s economy. -
Derivative & Fund potential
Ideal for structuring China-focused ETFs or writing derivatives based on S-chip themes, subject to review and tradability schedules. -
Frequency of rebalancing
The quarterly review ensures only sizable, liquid China-exposed SGX stocks stay included—keeping the index investible.
📝 Final Thoughts
The FTSE ST China Index is a smart way to access a curated group of China-centric companies listed in Singapore. If you're building exposure in the China theme but prefer the familiarity of SGX, this index is worth watching.