Singapore is considering the proposal to expand the scope of the Straits Times Index.
Singapore is exploring a series of proposals for an active stock market, including expanding the stock scope of the Straits Index beyond large cap stocks, as well as reducing the listing costs and regulatory burdens for companies.
Transport Minister and Second Minister for Finance Xu Fangda revealed on Monday (September 16) in his opening speech at the Corporate Governance Week organized by the Singapore Investors' Association (SIAS) that since the Securities Market Review Committee received numerous suggestions from the industry and the public, the committee has been exploring the feasibility of these suggestions.
Xu Fangda divides these suggestions into three major areas: first, to encourage the construction of reserves for high-quality listed projects; second, to enhance investor participation and expand market liquidity; and third, to reassess the government's regulatory structure and methods.
Xu Fangda mentioned in his speech that the liquidity of the Singapore stock market is mainly concentrated in a few well-known stocks, and 85% of the daily trading volume of the Singapore Exchange (SGX) comes from the 30 large-cap stocks that make up the Straits Times Index.
He pointed out that in order to improve liquidity, industry professionals have proposed measures that may promote wider investor participation, including expanding the scope of stock indices and increasing the variety of stock market derivatives.
Transport Minister and Second Minister for Finance Xu Fangda revealed on Monday (September 16) in his opening speech at the Corporate Governance Week organized by the Singapore Investors' Association (SIAS) that since the Securities Market Review Committee received numerous suggestions from the industry and the public, the committee has been exploring the feasibility of these suggestions.
Xu Fangda divides these suggestions into three major areas: first, to encourage the construction of reserves for high-quality listed projects; second, to enhance investor participation and expand market liquidity; and third, to reassess the government's regulatory structure and methods.
Xu Fangda mentioned in his speech that the liquidity of the Singapore stock market is mainly concentrated in a few well-known stocks, and 85% of the daily trading volume of the Singapore Exchange (SGX) comes from the 30 large-cap stocks that make up the Straits Times Index.
He pointed out that in order to improve liquidity, industry professionals have proposed measures that may promote wider investor participation, including expanding the scope of stock indices and increasing the variety of stock market derivatives.
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