SINGAPORE: A new review group with representatives from both the private and public sectors will propose measures to revitalise Singapore’s struggling stock market.
Announced by the Monetary Authority of Singapore (MAS) yesterday, the panel will be chaired by Second Minister for Finance and MAS deputy chairman Chee Hong Tat.
Other members are MAS managing director Chia Der Jiun, Temasek Holdings chief executive Dilhan Pillay, chairman of the Singapore Institute of Management Euleen Goh and Singapore Exchange chairman Koh Boon Hwee.
The group will assess the current state of the local equities market and examine measures to address identified challenges.
It will propose strategies to support and encourage Singapore Exchange-listed companies to build capabilities and expand internationally.
It will also review the key elements of Singapore’s regulatory approach to foster an enabling ecosystem, including the listing regime.
Recommendations will be made to attract primary and secondary listings to Singapore.
The group will suggest targeted measures to facilitate product offerings and improve liquidity in Singapore’s equity market. — The Straits Times/ANN
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