From CNBC: 2024-08-02 02:35:47

Singapore’s central bank, MAS, forms a review group to strengthen the city-state’s equities market by addressing challenges, fostering listings, and enhancing regulations. The goal is to encourage private sector participation and boost investor confidence to enhance Singapore’s financial hub standing and complement innovation and start-up sectors.

Despite the Straits Times Index’s recent rises, Singapore’s stock market is plagued by thin trading volumes and more delistings than listings. Turnover velocity at SGX was 36% in 2023, far below other exchanges like Hong Kong at 57.35% and Japan at 103.6%. The review group plans to take lessons from successful programs in Japan and South Korea to revive interest in SGX.

Read more: MAS sets up review group in bid to revive its SGX development