This will ensure that the government’s “developmental capital” is deployed on a “fiscally prudent basis”, he adds.
It is “not practical” to rely on sovereign funds alone to sustain and support Singapore’s equity market. Instead, any use of public funding has to catalyse commercial capital, in order to sustain trading interest in the local equities market over the long term, says Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong on Jan 2.
Speaking at the start of the Singapore Exchange (SGX:S68
) ’s (SGX) first trading day of the year, Gan says the equities market review group, which was established in August 2024 to explore ways to improve liquidity in the local bourse, is studying how to make “optimum use” of seed capital to draw in more commercial capital.
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