Singapore Sets Up Task Force to Boost Flagging Stock Market
- Thin liquidity, lack of IPOs have plagued city-state’s bourse
- Group will recommend measures to strengthen equities market
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Singapore has established a task force to revive its sagging stock market amid calls to tackle poor liquidity and a dearth of new listings, a tacit admission by authorities of the ongoing troubles.
A group chaired by Second Minister for Finance Chee Hong Tat will recommend measures to strengthen the country’s equities market development, the Monetary Authority of Singapore said on Friday. It will consider “initiatives to improve the vibrancy” of the stock market, and study ways “to galvanize greater private sector participation” in the effort, the financial regulator said.