MAS sets up review group to improve Singapore stock market

THE Monetary Authority of Singapore (MAS) has set up a review group to recommend measures to aid in the development of the equities market in Singapore, it said on Friday (Aug 2).

The panel will be chaired by Second Minister for Finance and MAS board member Chee Hong Tat, and include private-sector stakeholders and public-sector representatives.

MAS said that the group will build on existing initiatives introduced by the government to support enterprise financing and enhance the local equities market. These initiatives include funds to support initial public offerings (IPOs) of high-growth companies, the introduction of corporate structures and share classes to facilitate such listings, and measures to improve research coverage.