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Singapore's monetary authority sets up review group in bid to revive its equities market

Signage for the Monetary Authority of Singapore (MAS) is displayed outside the central bank's headquarters in Singapore.

Singapore's central bank has established a task force to bolster the city-state's stock market.

The Monetary Authority of Singapore announced that the review group will evaluate measures to "improve the vibrancy" of the Singapore equities market.

MAS said on Friday the panel will focus on addressing market challenges, fostering listings, and facilitating market revitalization, as well as enhancing regulations to facilitate market growth and foster investor confidence.

It said another key goal will be to identify methods for encouraging private sector participation, including from capital market intermediaries, investors and listed companies.

The authority noted that a "dynamic equities market is an important part of the capital formation value chain," and that a liquid market enables companies to not only access capital as they expand, but also "allows asset owners and the investing public to participate in the growth of quality companies."

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