SGX RegCo, MAS proposals are a positive step forward, but inadequate without deeper market reform: market watchers
They say investors must be more discerning, do their own homework, as the listing process becomes streamlined
[SINGAPORE] The Singapore stock market will need deeper structural reforms to address longstanding challenges, market watchers told The Business Times.
While market participants were mostly positive about proposals unveiled by Singapore Exchange Regulation (SGX RegCo) and the Monetary Authority of Singapore (MAS) on Thursday (May 15), they said that these might not be enough to revive the local equities market.
Among other things, the proposals sought to facilitate more listings on the Singapore Exchange (SGX). There is also a proposal to do away with putting loss-making companies on the financial watch list, which helps to alert investors to the risks of investing in these businesses.
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