Monetary Authority of Singapore commits $1B to boost equities market

Chee Hong Tat: Chee Hong Tat is the Deputy Chairman of the Monetary Authority of Singapore (MAS) Board and Minister for National Development in Singapore. He has been actively involved in MAS-led efforts to strengthen the local equities market through targeted funding and policy measures. In the reported development, he highlighted the allocation of capital to asset managers to boost participation and liquidity in Singapore equities. Monetary Authority of Singapore: The Monetary Authority of Singapore (MAS) serves as Singapore's central bank and integrated financial regulator, overseeing monetary policy, financial supervision, and the development of the financial sector. It plays a key role in initiatives to enhance market liquidity and attract investment to local capital markets. In this news, MAS is committing funds through asset managers to support the equities market as part of its broader Equity Market Development Programme. Policy Focus: Recent MAS efforts emphasize attracting a mix of local, regional, and global fund managers to support small- and mid-cap stocks and improve overall market liquidity. Market Initiative: MAS has established the Equity Market Development Programme to channel capital through selected asset managers and encourage greater investor participation in Singapore equities.