Singapore Exchange Insiders Cast Doubt on Stock Market Revival
- Internal target to double new listings seen as unattainable
- Regulators, SGX staffers have disagreed on how to boost stocks
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Singapore has kicked off a big effort to revive its withering stock market. Inside its exchange operator and among market participants, there is deep pessimism that the reboot will succeed.
The city-state’s government unveiled a task force in August to come up with ways to revitalize the S$811 billion ($632 billion) market, which lost its title as Southeast Asia’s largest after delistings far outnumbered initial public offerings.