Singapore’s monetary authority sets up review group in bid to revive its equities market
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has established a task force to enhance the city’s stock market.
The review group will focus on tackling market challenges, boosting listings, revitalizing the market, and improving regulations to stimulate growth and investor confidence. Key goals include encouraging private sector involvement from intermediaries, investors, and listed companies.
Equities market
Despite recent gains in the Straits Times Index, Singapore’s stock market has struggled with low trading volumes and a higher rate of delistings than new listings.
Turnover velocity on the Singapore Exchange (SGX) was significantly lower compared to major exchanges in Hong Kong and Japan. The new task force, chaired by Singapore’s Second Minister of Finance Chee Hong Tat and including SGX Chairman Koh Boon Hwee, aims to make the market more attractive and dynamic.
The SGX and its regulatory arm, SGX RegCo, are committed to enhancing accountability, transparency, and market discipline to drive liquidity and listings.