$SGX (S68.SG)$
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.
Translated
2
2
$SGX (S68.SG)$
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.
Translated
2
$TENCENT (00700.HK)$ 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.
Translated
2
1
NiubilitySG
commented on
$SGX (S68.SG)$ why is it not increasing?
1
8
NiubilitySG
commented on
$SGX (S68.SG)$ what triggers the sudden increase? parabolic upwards?
4
8
NiubilitySG
commented on
$DBS Group Holdings (D05.SG)$ SEA inclusion into MSCI Singapore only 50% so far. Next February will be the full inclusion.
4
2
NiubilitySG
commented on
$DBS Group Holdings (D05.SG)$ wow the last part how did it drop from 30.3+ to 29.8?
8
8
NiubilitySG
commented on
$Futu Holdings Ltd (FUTU.US)$ is our fund with Moomoo safe?
7
13
NiubilitySG
liked
$SGX (S68.SG)$
Take care guys n gals. Exit first. 🔥🔥🔥🔥
Take care guys n gals. Exit first. 🔥🔥🔥🔥
10
15