{"id":5625,"date":"2025-12-02T00:00:00","date_gmt":"2025-12-02T00:00:00","guid":{"rendered":"https:\/\/shooklin.com\/mas-announced-new-measures-to-bolster-equity-markets\/"},"modified":"2025-12-02T00:00:00","modified_gmt":"2025-12-02T00:00:00","slug":"mas-announced-new-measures-to-bolster-equity-markets","status":"publish","type":"post","link":"https:\/\/shooklin.com\/zh-hans\/mas-announced-new-measures-to-bolster-equity-markets\/","title":{"rendered":"MAS announced new measures to bolster equity markets"},"content":{"rendered":"<p>\n<p style=\"text-align: left;\">The measures include:<\/p>\n<p>1.<span style=\"white-space: pre;\"> <\/span>The establishment of a dual-listing bridge connecting the Singapore Exchange (\u201cSGX\u201d) and Nasdaq.<\/p>\n<p>2.<span style=\"white-space: pre;\"> <\/span>The launch of a S$30 million \u201cValue Unlock\u201d Package.<\/p>\n<p>3.<span style=\"white-space: pre;\"> <\/span>Appointment of the second batch of asset managers under the S$5 billion Equity Market Development Programme, with a total of S$2.85 billion placed across six managers.<\/p>\n<p>4.<span style=\"white-space: pre;\"> <\/span>Trading and market structure enhancements.<\/p>\n<p><span style=\"text-decoration: underline;\">SGX-Nasdaq Dual-Listing Bridge<\/span><\/p>\n<p>The announcement of a streamlined dual-listing bridge between the SGX and Nasdaq marks a significant milestone in Singapore\u2019s equity-markets evolution and presents a unique opportunity for Singapore companies. Under this initiative, issuers that meet certain criteria will be able to pursue a dual listing on the SGX and the Nasdaq exchange via a single set of offering documents, thereby reducing regulatory friction and costs. It will be interesting to note the specific prospectus disclosure requirements which will be implemented jointly by SGX and Nasdaq to effect this. Companies with a market capitalisation of S$2 billion and above will qualify for this initiative.<\/p>\n<p>The dual-listing bridge is expected to go live around mid-2026, subject to regulatory consultation and implementation. To operationalise the bridge, SGX will introduce a new \u201cGlobal Listings Board\u201d. Companies would find it easier to pursue a dual listing on both Nasdaq and SGX under this new initiative.<\/p>\n<p>This could start a shift in trend towards dual listings, over single-jurisdictional listings, for companies looking to capture an investor base overseas whilst maintaining a presence in the Singapore market. This innovative and collaborative approach by both exchanges is a welcomed initiative to attract more listings of good quality companies.<\/p>\n<p><span style=\"text-decoration: underline;\">\u201cValue Unlock\u201d Programme<\/span><\/p>\n<p>Under this programme, MAS and SGX will allocate S$30 million from the Financial Sector Development Fund (\u201cFSDF\u201d) to fund two grants. These grants are (a) the \u201cEquip Grant\u201d, a training grant of up to S$15,000 per listed company to co-fund training and capacity building on investor relations, media training, corporate strategy or financial management, and (b) the \u201cElevate Grant\u201d, a professional services grant of up to S$200,000 per listed company, to co-fund the engagement of investor relations, corporate strategy or financial management consultants.<\/p>\n<p>In addition, several initiatives will be introduced to help companies communicate strategic plans more proactively, effectively and consistently. MAS and SGX will also work with ecosystem partners to foster peer learning and collaboration through platforms like the Singapore Institute of Directors (SID) Chairpersons Guild.<\/p>\n<p><span style=\"text-decoration: underline;\">A further S$2.85 billion to be placed under the Equity Market Development Programme (\u201cEQDP\u201d)<\/span><\/p>\n<p>MAS and the FSDF will place a further S$2.85 billion with a second batch of six asset managers under the S$5 billion EQDP. With July\u2019s first batch of EQDP appointments, the total allocation is now S$3.95 billion across nine asset managers. MAS expects the next phase of appointments to take place in the second quarter of 2026.<\/p>\n<p><span style=\"text-decoration: underline;\">Trading and market structure enhancements<\/span><\/p>\n<p>The Equities Market Review Group\u2019s final report recommended a range of market reforms and enhancements such as:<\/p>\n<p>(a)<span style=\"white-space: pre;\"> <\/span>The introduction of incentives and grants to strengthen market makers\u2019 capabilities, focusing on newly listed and next-tier small and mid-cap stocks outside the Straits Times Index (STI), with more details to be announced in the first quarter of 2026.<\/p>\n<p>(b)<span style=\"white-space: pre;\"> <\/span>An initiative to facilitate investor adoption of broker custody accounts. SGX will further consult on this matter in first quarter of 2026.<\/p>\n<p>(c)<span style=\"white-space: pre;\"> <\/span>The reduction of board-lot sizes for securities above S$10 from 100 to 10 units with a view to lower minimum investment requirements.<\/p>\n<p>This Client Update was authored by <a href=\"https:\/\/shooklin.com\/zh-hans\/our_people\/gwendolyn-gn\/\">Gwendolyn Gn<\/a> (Partner), <a href=\"https:\/\/shooklin.com\/zh-hans\/our_people\/lin-yu-mei\/\">Lin Yu Mei<\/a> (Partner), Leow Jen Wei (Associate) and Julian Cheng (Practice Trainee).<\/p>\n<p>Click <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/shooklin.com\/wp-content\/uploads\/2026\/03\/Client20Update20E2809320Equities20Market20Review20GroupE28099s20Final20Report.pdf\">here<\/a>\u00a0to read the article.<\/p>\n<p><strong style=\"mso-bidi-font-weight: normal;\"><span style=\"font-size: 9.5pt; mso-bidi-font-family: 'Times New Roman'; color: gray; mso-themecolor: background1; mso-themeshade: 128; mso-ansi-language: EN-SG;\"><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 19 November 2025, the Monetary Authority of Singapore (\u201cMAS\u201d) announced a suite of measures designed to bolster Singapore\u2019s equity markets.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-5625","post","type-post","status-publish","format-standard","hentry","category-publications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MAS announced new measures to bolster equity markets - Shook Lin &amp; 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