Adjournment motion on making equities great again

Singapore’s market liquidity had fallen behind and its measures must be bold enough to bring its equity markets into the future, said MP Louis Chua. In an adjournment motion in parliament on Tuesday (Feb 3), he stressed the need to institute mandatory value-up disclosure requirements immediately and strengthen enforcement. MP Jamus Lim, who echoed the call, stressed the need for macro financial reform. He said a successful SGX will require paying attention to the full capital-raising cycle - from start-up through listing on both the buy and sell side. Responding, Deputy Chairman of the Monetary Authority of Singapore Chee Hong Tat said developing a vibrant equities market is a multi-year effort that requires discipline and willingness to innovate sensibly, as well as committed partnerships. The government has laid the foundations and set in motion a comprehensive programme, he said. He added that he is confident that Singapore's equities market will grow in depth, resilience and attractiveness if it keeps at this work - in close partnership with industry, with the right incentives and a clear focus on quality and sustainability.