$SGX (S68.SG)$
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.
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.
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$SGX (S68.SG)$
SingaporeMinistry of FinanceSenior Minister of State for Finance, Xu Fangda, said the country is ready to undertake "bold reforms" to revive the sluggish stock market.
Xu Fangda currently leads a special task force to study ways to strengthen the stock market. He stated that the group's objectives are to eliminate outdated rules, encourage high-quality companies to join the market, and enhanceLiquidity refers to the ability of an asset to be converted into cash quickly.He mentioned that measures may include reducing listing costs and expanding the pool of stock derivatives, which will be implemented in stages before the 12-month evaluation period ends.
"Given the various global resistances faced by other exchanges and the increasingly fierce competition in this field, revitalizing our stock market is not an easy task," he said at an event in Singapore on Monday, "but we are prepared to make changes and try new ideas. Because if we don't try, the chance of success is zero."
There is a growing call from the industry to boost the local stock market, which has been plagued by lagging performance, shrinking market cap, and low trading volume. Members of the task force include representatives from the central bank, Temasek Holdings, the Singapore Exchange, and other industry stakeholders.The central bank, Temasek Holdings, the Singapore Exchange, and representatives of other industry stakeholders.
Xu Fangda said that one area being explored is the simplification of prospectus disclosure requirements for initial public offerings and secondary listings, and the Monetary Authority of Singapore will also consider lifting certain restrictions on all retail customers.Retailcustomers.
SingaporeMinistry of FinanceSenior Minister of State for Finance, Xu Fangda, said the country is ready to undertake "bold reforms" to revive the sluggish stock market.
Xu Fangda currently leads a special task force to study ways to strengthen the stock market. He stated that the group's objectives are to eliminate outdated rules, encourage high-quality companies to join the market, and enhanceLiquidity refers to the ability of an asset to be converted into cash quickly.He mentioned that measures may include reducing listing costs and expanding the pool of stock derivatives, which will be implemented in stages before the 12-month evaluation period ends.
"Given the various global resistances faced by other exchanges and the increasingly fierce competition in this field, revitalizing our stock market is not an easy task," he said at an event in Singapore on Monday, "but we are prepared to make changes and try new ideas. Because if we don't try, the chance of success is zero."
There is a growing call from the industry to boost the local stock market, which has been plagued by lagging performance, shrinking market cap, and low trading volume. Members of the task force include representatives from the central bank, Temasek Holdings, the Singapore Exchange, and other industry stakeholders.The central bank, Temasek Holdings, the Singapore Exchange, and representatives of other industry stakeholders.
Xu Fangda said that one area being explored is the simplification of prospectus disclosure requirements for initial public offerings and secondary listings, and the Monetary Authority of Singapore will also consider lifting certain restrictions on all retail customers.Retailcustomers.
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$TENCENT (00700.HK)$ Long distance, there will be a return.
Tencent is about to be acquired by state-owned capital. This will be the definite result.
$Tencent Holdings (00700)$ Flash News: According to sources close to CITIC insiders, a consortium led by CITIC is negotiating the acquisition of Tencent's major shareholder in South Africa, intending to fully acquire its Tencent stocks and obtain control of Tencent, a strategic infrastructure that is crucial to the country's economy and people's livelihood.
Tencent is about to be acquired by state-owned capital. This will be the definite result.
$Tencent Holdings (00700)$ Flash News: According to sources close to CITIC insiders, a consortium led by CITIC is negotiating the acquisition of Tencent's major shareholder in South Africa, intending to fully acquire its Tencent stocks and obtain control of Tencent, a strategic infrastructure that is crucial to the country's economy and people's livelihood.
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$DBS (D05.SG)$ SEA inclusion into MSCI Singapore only 50% so far. Next February will be the full inclusion.
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$Lion-OCBC Sec HSTECH S$ (HST.SG)$
If the market value of a new stock on the first day of its listing ranks in the top ten of the existing constituent stocks, it will be included in the index after the close of trading on the tenth trading day after the new stock is listed.
The purpose of the mechanism is to better reflect market changes, but the reality is quite harsh.
At present, the stock market is already in a situation where primary market investors are hyped and secondary market investors are naive.
Hot new stock valuations are often full of bubbles. Moreover, as Hong Kong stocks gradually become more like A-shares, and with new stocks claiming scarcity to attract a large number of retail investors, the bubble becomes even larger, making the Hang Seng Tech Index a huge victim.
Since its release, the Hang Seng Tech Index has experienced four rapid inclusions, namely JD Health, Kuaishou, Baidu, and Bilibili.
The key point of rapid inclusion is that the market value is large, so when a company is included, its proportion will not be insignificant, and any significant fluctuations in the index will have a noticeable impact.
Since the inclusion of individual stocks, the drop has exceeded 20%, with JD Health dropping by 56%, and its market value falling from 580 billion to 260 billion.
If the market value of a new stock on the first day of its listing ranks in the top ten of the existing constituent stocks, it will be included in the index after the close of trading on the tenth trading day after the new stock is listed.
The purpose of the mechanism is to better reflect market changes, but the reality is quite harsh.
At present, the stock market is already in a situation where primary market investors are hyped and secondary market investors are naive.
Hot new stock valuations are often full of bubbles. Moreover, as Hong Kong stocks gradually become more like A-shares, and with new stocks claiming scarcity to attract a large number of retail investors, the bubble becomes even larger, making the Hang Seng Tech Index a huge victim.
Since its release, the Hang Seng Tech Index has experienced four rapid inclusions, namely JD Health, Kuaishou, Baidu, and Bilibili.
The key point of rapid inclusion is that the market value is large, so when a company is included, its proportion will not be insignificant, and any significant fluctuations in the index will have a noticeable impact.
Since the inclusion of individual stocks, the drop has exceeded 20%, with JD Health dropping by 56%, and its market value falling from 580 billion to 260 billion.
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$TSI Iron Ore CFR China (62% Fe Fines) Index Futures(JAN5) (FEFmain.SG)$
Chinese iron ore futures fell below a key 1,000 yuan per tonne level on Thursday, falling more than 5% to their lowest in more than two months as domestic consumption remains sluggish on steel production controls.
The most active iron ore futures on the Dalian Commodity Exchange, for September delivery, plunged as much as 5.6% to 999 yuan ($154.54) per tonne, their lowest since May 27. They were down 4.6% to 1,009 yuan a tonne as of 0322 GMT.
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Chinese iron ore futures fell below a key 1,000 yuan per tonne level on Thursday, falling more than 5% to their lowest in more than two months as domestic consumption remains sluggish on steel production controls.
The most active iron ore futures on the Dalian Commodity Exchange, for September delivery, plunged as much as 5.6% to 999 yuan ($154.54) per tonne, their lowest since May 27. They were down 4.6% to 1,009 yuan a tonne as of 0322 GMT.
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$Singtel 10 (Z77.SG)$ why the ticker is Singtel 10?
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