Singapore is studying proposals to shake up its struggling stock market as the gap between the financial hub’s performance and other regional exchanges widens.
Singapore Exchange (SGX) is reviewing a document from the nation’s venture and private capital association, according to three people familiar with the discussions. The Singapore Venture & Private Capital Association (SVCA) includes state funds GIC and Temasek, local and global venture firms, and buyout groups including General Atlantic, Warburg Pincus and KKR.
Discussions have been going on since the beginning of the year, the people added, and the SVCA’s proposals are also being considered by the government’s Economic Development Board, Monetary Authority of Singapore and the Ministry of Trade and Industry.