First, injection of funds into the market via the $5 billion EQDP and $50 million from new Global Investor Programme (GIP) applicants to set up family offices in Singapore, to focus on small and mid-cap companies. Next, tax rebates and incentives; and finally, the move towards a more disclosure-based regime, market-friendly regulatory stance and an easier IPO process
Let’s examine these proposals from an unbiased data-based perspective to assess the viability and likelihood of success in boosting Singapore’s equity markets.
Recent announcements of the MAS review group’s second set of measures to boost Singapore capital markets have been met with excitement and applause from some market observers, particularly the proposal to set-up a $5 billion co-investment fund, the Equity Market Development Programme (EQDP) to motivate fund managers to focus on Singapore-listed equities.
Broadly, the MAS review team’s latest proposals fall into three categories:
