The review group will assess the current state of the local equities market and examine measures to address identified challenges.
Senior representatives from the Ministry of Finance, Enterprise Singapore and the Economic Development Board will also be on board. Recommendations will be made to attract primary and secondary listings to the Republic. The group will suggest targeted measures to facilitate product offerings and improve liquidity in Singapore’s equity market, broadening the pool of potential initial public offerings.
“This, in turn, complements Singapore’s innovation and start-up ecosystem, private markets, as well as asset and wealth management sectors.” “This includes companies that are home-grown, start-ups that have grown and expanded in Singapore, and also companies that come from abroad that we want to attract and groom into a pipeline of good companies that we can list on the SGX.”The move comes three years after a $1.5 billion fund called Anchor Fund @ 65 was established in 2021 by the Government and Temasek – Singapore’s investment company – to attract fast-growing companies to list on the local bourse.
“Only a ‘whole-of-ecosystem’ approach can lead to transformative actions that will give fresh impetus to improving liquidity and listings in Singapore’s equities market. “There is no market practitioner in the panel, and this may lead nowhere as the panel becomes an echo chamber... I think if the panel includes stockbrokers, the market will see a flip up.”
Mr Chesson said: “We would emphasise that private capital participants, including many global players covering private equity, venture capital, limited partners, as well as legal and advisory groups, have increased on-ground resources and applied capital in Singapore in recent years and are aligned to this initiative.
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