Singapore’s EQDP attracts more than S$1 in private capital for every public dollar invested: Chee Hong Tat
The Republic’s fundamentals ‘remain sound’ even amid a more challenging external environment, he adds
Singapore's Equity Market Development Programme (EQDP) has successfully attracted more than S$1 in private capital for every S$1 of public funds invested, according to Minister for National Development Chee Hong Tat. This ratio has been maintained during a more challenging global environment, as the market continues to recover and expand.
The EQDP, now in its third phase, has allocated a cumulative S$5.4 billion across 14 asset managers. Chee emphasized that Singapore's fundamentals remain strong, despite external headwinds, and highlighted the importance of well-governed companies, informed investors, and strong relationships between them in sustaining investor confidence.
The minister also noted Singapore's efforts to streamline the listing process, develop IPO guides for individual investors, and strengthen corporate governance to foster long-term investor confidence.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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