The Aporia
Wu, D. (2026, September 30). Singapore beefs up rivalry with Hong Kong by picking 5 firms to boost equity market. South China Morning Post. https://www.scmp.com/business/banking-finance/article/3369308/singapore-beefs-rivalry-hong-kong-picking-5-firms-boost-equity-market?utm_source=rss_feed
Wu, Daisy. “Singapore beefs up rivalry with Hong Kong by picking 5 firms to boost equity market.” South China Morning Post, 30 Sept. 2026, https://www.scmp.com/business/banking-finance/article/3369308/singapore-beefs-rivalry-hong-kong-picking-5-firms-boost-equity-market?utm_source=rss_feed.
Wu, Daisy. “Singapore beefs up rivalry with Hong Kong by picking 5 firms to boost equity market.” South China Morning Post, September 30, 2026. https://www.scmp.com/business/banking-finance/article/3369308/singapore-beefs-rivalry-hong-kong-picking-5-firms-boost-equity-market?utm_source=rss_feed.
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On Tuesday, Singapore selected five global asset managers — Amundi, Franklin Templeton, HSBC Asset Management, M&G Investments, and Natixis Investment Managers — to boost its equity market as part of the third batch of mandates under the Monetary Authority of Singapore’s (MAS) Equity Market Development Programme. Launched in February 2025 with an initial S$5 billion investment, the programme was recently expanded to S$6.5 billion this year. The initiative aims to attract private capital alongside public funds to increase liquidity and broaden trading activity beyond large blue-chip stocks. Additionally, MAS committed an extra S$20 million to a grant scheme supporting market-making activities for about 80 small and mid-cap companies until the end of 2028.