Aside from injecting capital, the group is also looking to increase the dynamism of Singapore’s market. For instance, a dual-listing bridge between the Singapore Exchange Group (SGX) and the Nasdaq to promote market connectivity is now in the works.
Singapore’s capital market ecosystem has been drawing increased attention from policymakers lately. In August 2024, the Monetary Authority of Singapore (MAS) set up the Equities Market Review Group to come up with measures to strengthen Singapore’s stock market. The group, which was chaired by National Development Minister and deputy chairman of the MAS, Chee Hong Tat, released its final report on Nov 19.
The group recommended a slate of measures to breathe new life into Singapore’s sluggish equity markets. A $5 billion Equity Market Development Programme fund was set up to raise investor interest by channelling capital into Singapore’s stock market via private investors. The fund has since been expanded to $6.5 billion after Prime Minister and Finance Minister Lawrence Wong announced a $1.5 billion top-up in his Budget 2026 speech on Feb 12.
