Reason for this visit

As the product of a merger of the former Singapore Stock Exchange and the Singapore International Monetary Exchange (SIMEX), Singapore Exchange (SGX) is the only stock exchange in Singapore, and also the first stock exchange enabling electronic trading in Asia. In terms of market regulation, the Monetary Authority of Singapore (MAS) is the primary regulator responsible for formulating and enforcing stock market policies and rules. In recent years, driven by financial technology, with service fees declining, it has become extremely convenient to invest in stocks in Singapore, attracting a large number of retail investors into the market. Therefore, more and more international brokers start to focus on the country. Overall, Singapore is a globally important financial center, and the local stock market is growing steadily in size and regulation, with sufficient liquidity and enhanced market confidence. In an attempt to help investors to get a more comprehensive understanding of the brokers in Singapore, WikiStock survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Singapore to visit broker CMB International as planned according to its regulatory address that 8 Marina View, Asia Square Tower 1, #32-01, Singapore.

The investigators arrived at 8 Marina View in Singapore on December 10, 2023. Asia Square Tower 1, located along Marina View at Marina Bay in Singapore, is a 43-storey mixed-use development, comprising a 38-storey office space. And the retail and food and beverage space is situated on the 1st and 2nd floor of the tower.

After entering the building, the survey personnel found security guards and a digital directory in the lobby, which displays that CMB is located on the 32nd floor. However, photographing wasnt allowed in the lobby, according to the security staff.

And then the survey personnel accessed the 32nd floor of the building by the lift, and spotted office #32-01 equipped with access control system. And the logo of CMB International was presented on the glass door, through which the company name and logo of the company could be clearly seen inside the office.

Through an on-side investigation, it is confirmed that CMB International does have a physical presence at the location.

Conclusion

The survey team went to Singapore to visit broker CMB International as scheduled, and found the companys name at its regulatory address. This indicates that the broker truly has a physical business office at the place. Meanwhile, investors are advised to make a judicious decision following an overall consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.