Acknowledging global headwinds and rising competition, Chee emphasised that not all the ideas proposed by industry stakeholders may succeed. Nonetheless, the group is prepared to take “some calculated risks” because, as he stated, “if we don’t try, our chances of success [are] zero”.
Revitalising Singapore’s equities market is “not an easy task”, says Chee Hong Tat, Minister for Transport, Second Minister for Finance and the deputy chairman of the Monetary Authority of Singapore (MAS). Chee was speaking at the Securities Investors Association Singapore’s (SIAS) 25th anniversary corporate governance conference on Sept 16.
Chee is also the chairperson for the new review group launched to strengthen Singapore’s equities market. On Aug 2, MAS announced that it is establishing the group to revive the market within a year. The group, which comprises 10 leaders from the public and private sectors, held its first meeting on Aug 19. The meeting unveiled 31 members in its two workstreams.
