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Singapore to boost stock market with Temasek fund

Bloomberg
Bloomberg • 3 min read
Singapore to boost stock market with Temasek fund
The MAS is also involved in the effort, with the capital markets regulator planning to add to some of its existing measures.
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Singapore is planning new measures to boost its domestic stock market, according to people with knowledge of the matter.

State investment giant Temasek Holding's 65 Equity Partners Holdings, with a fund size of at least $1 billion, will invest in Singapore and regional mid-cap firms, including initial public offerings, the people said. Temasek and sovereign wealth fund GIC will be urged to use the city-state’s new framework for blank-check companies to encourage or facilitate the listing of tech firms in their portfolios, the people said, asking not to be identified before an announcement expected as soon as this week.

The Monetary Authority of Singapore is also involved in the effort, with the capital markets regulator planning to add to some of its existing measures, one of the people said.

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