MAS offers up to S$75 mil in grants to stoke local equity interest and talent development of analysts

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SINGAPORE (Jan 14): The Monetary Authority of Singapore is launching a S$75 million package of incentives to help revive growth in the Singapore stock market, which has been suffering from declining trading interest.

Called Growth for Equity Market Singapore or GEMS, it is a three-year plan with three key planks: They are to make it cheaper for companies to list; provide grants to help defray part of the salaries of research analysts, and offer funds to support the growth of the equity research ecosystem.

GEMS will take effect on Feb 14 this year.

Under GEM's first component of listing grants, companies in new technology sector and minimum market value of S$300 million will enjoy...(click on link for full story on