MAS sets up review group to boost the development of Singapore's stock market

New listings on the Singapore Exchange have been dwindling, and there has been a steady stream of delistings over the years.

Hong Kong, Singapore's rival as an Asian financial hub, had 68 IPOs last year and raised US$5.3 billion. Forming a review group is an efficient way to access ideas and views from different experts, he said. "Improving the attractiveness of Singapore's equities market can therefore enhance Singapore's standing as a vibrant enterprise and financial hub."

The review group will assess the state of the market and existing efforts, as well as come up with recommendations on how to attract primary and secondary listings, improve liquidity and promote the development of SGX-listed companies.

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