Singapore Allocates 1.1B to Boost Equities
Singapore plans to allocate 1.1 billion dollars to five asset managers to strengthen its local equities market. The funding is part of a broader government initiative to boost the financial ecosystem and support smaller stocks.
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Singapore will inject $1.1 billion into five asset managers on Tuesday morning to rejuvenate its local equities market. The funding package is the third tranche deployed under a broader $5.1 billion Equity Market Development Programme. Policymakers are stepping up efforts to boost liquidity and attract international listings.
