Singapore introduced plans to create a twin itemizing bridge between the Singapore Trade and Nasdaq to help cross-border listings, concluding a assessment aimed toward strengthening the equities market.
The proposed platform will goal Asian progress firms valued a minimum of S$2 billion and would enable issuers to make use of a single set of providing paperwork to lift capital in each Singapore and the US.
The Financial Authority of Singapore (MAS) expects the initiative to launch round mid-2026, topic to regulatory approvals.
Nationwide Growth Minister Chee Hong Tat, who chaired the assessment group, mentioned the hassle “takes a whole ecosystem, the regulator, alternate, intermediaries, buyers and listed firms themselves.”
The assessment additionally launched a S$30 million Worth Unlock programme, supported by the Equip and Elevate grants, to assist listed firms enhance company technique, capital administration and investor relations.
The package deal will probably be paired with initiatives to strengthen outreach, communications and analysis protection for eligible companies.
Liquidity, Custody and Connectivity Take Focus in Newest Reforms
To spice up demand for Singapore equities, MAS appointed six extra managers below the S$5 billion Fairness Market Growth Programme, allocating S$2.85 billion to BlackRock, Amova Asset Administration, AR Capital, Eastspring Investments, Lion International Buyers and Manulife Funding Administration.
Complete deployment now stands at S$3.95 billion, and the managers could take part in cornerstone allocations for brand spanking new listings.
SGX will strengthen market making for newly listed and small to mid-cap shares outdoors the Straits Occasions Index, seek the advice of on adopting dealer custody accounts to modernise post-trade processes, and lower board lot sizes for shares priced above S$10 from 100 models to 10 models.
Connectivity measures will increase to incorporate S$40,000 in grant help for every depository receipt issuance and better funding for primary-listed and cross-listed ETFs.
The reforms embody a 20 % company earnings tax rebate for brand spanking new major listings and a ten % rebate for secondary listings.
Newly listed fund managers will qualify for a 5 % concessional tax charge, whereas funds that make investments a minimum of 30 % of their property in Singapore equities will obtain earnings tax exemptions.
Modifications to the International Investor Programme would require eligible Single Household Workplaces to deploy a minimum of S$50 million into Singapore equities.
Chee mentioned the reforms will assist firms “articulate compelling worth propositions and construct a seamless partnership with buyers centered on sustainable progress.”
Regulatory updates embody eradicating the monetary watch-list and changing it with a requirement for issuers to reveal once they file three consecutive years of pre-tax losses.
MAS may even co-fund meritorious civil actions and permit designated representatives to convey motion on behalf of buyers in misconduct circumstances.
Market Exercise Reveals Indicators of Rebound
Common every day buying and selling worth rose 16 % year-on-year within the third quarter to S$1.53 billion, the best since early 2021, whereas small and mid-cap turnover elevated 88 % quarter-on-quarter.
IPOs have raised greater than S$2 billion to this point this yr.
MAS will type an implementation committee co-chaired by MAS managing director Chia Der Jiun and SGX chief government Loh Boon Chye to supervise execution of the measures.
Extra particulars are anticipated within the first quarter of 2026.
