- MAS will launch a S$5bn Equity Market Development Programme (EQDP) funded by the Financial Sector Development Fund. EQDP will be deployed through fund managers that invest in Singapore equities or a substantial component in Singapore equities.
- Other incentives include a newly set-up single family office to invest at least S$50mil in equities listed in Singapore or approved exchanges, tax exemption on fund managers with at least 30% allocation to Singapore equities, 10-20% corporate tax rebates for new listings, shorten the listing period and better balance in post-listing queries.
- - Read this at SGinvestors.io -
Key highlights
The S$5bn EQDP.
- - Read this at SGinvestors.io -
- Eligible fund strategies must either invest in Singapore equities or have a substantial component in Singapore equities. A small-mid cap focus is necessary because EQDP aims to broaden investor participation beyond index stocks.
Impact of EQDP.
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