Singapore studies proposals to revive its struggling stock market

📆 5/8/2024 2:14 AM
📰 IndependentSG

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Singapore studies proposals to revive its struggling stock market amidst concerns over its lagging performance compared to its regional counterparts

More radical ideas are also on the table, such as emulating mechanisms seen in countries like Australia and Thailand, allowing pension and sovereign wealth funds to invest in stocks.This marks a departure from GIC’s predominantly international investments as Singapore’s government seeks to bolster its local market.

SGX’s Chair, Mr Koh Boon Hwee, a renowned business veteran, has played a pivotal role in championing fresh perspectives, a departure from past practices. Last year, it recorded one of the lowest deal volumes globally and was cited as “one of the quietest” exchanges, a stark contrast to the IPO boom witnessed elsewhere in Asia.

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