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New Gems grant not a subsidy scheme for SGX: Ong Ye Kung

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Mr Ong said the S$75 million scheme was in response to feedback that a vibrant equity market requires not only new listings, but also sustained investor interest post-listing.

Singapore

A NEW multi-million-dollar grant for Singapore's equity market is not a subsidy scheme for the Singapore Exchange (SGX), Education Minister Ong Ye Kung has said, as the Grant for Equity Market Singapore (Gems) is meant to support high-growth sectors and small- and mid-cap firms...

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