MAS to launch S$5 billion programme to develop Singapore stock market

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The story "MAS to launch S$5 billion programme to develop Singapore stock market" was covered 17 hours ago by Channel News Asia, a news publisher based in Singapore.

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MAS to launch S$5 billion programme to develop Singapore stock market - Channel News Asia

Quick Summary:

A review group to strengthen Singapore's stock market also suggested that Global Investor Programme applicants be required to invest more into local equities.

One suggestion is to simplify the process for listing such that companies only need to get clearance from Singapore Exchange Regulation (SGX RegCo), instead of both RegCo and MAS.

New funds have to invest at least 30 per cent of assets under management in Singapore-listed equities, while existing funds have to meet that requirement as well as have an annual net inflow equivalent to at least 5 per cent of the fund's AUM in the previous year.