Singapore will ‘mop up’ much of the financial business that is leaving Hong Kong: EIU

Quick Summary:

The Republic is poised for a stock market revival as Hong Kong takes a back seat.

Only one company listed on the bourse in the first half of 2024, making Singapore the worst-performing IPO market in South-east Asia.

Other initiatives include offering grants to cut listing costs and increase research coverage of Singapore-listed stocks.“Even if the reforms are pushed through, a more holistic approach may be needed to encourage local funds and asset managers to trade more actively, along with new corporate governance and disclosure rules to shore up long-term investor confidence,” the EIU said.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaChinaHong KongIndiaJapanMalaysiaThailandUnited States

Topics: Recent Financial Years Singapore Kong China’s Stock Market Hong Markets Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 14:49:54 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 916 words

Reading Time: 6 minutes read

Sentences: 42 lines

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Copyright Owner: © The Straits Times

News ID: 22487274

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