The review group’s first set of measures aims to boost investor interest, improve the Singapore Exchange (SGX )’s (SGX ) appeal to reputable businesses, and make changes to the regulatory stance to boost investor confidence.
To raise cash flows into Singapore-listed stocks, the requirements for applicants to the Global Investor Programme may be altered.  ,
Prior to the home office solution, applicants had to place at least S$ 50 million into four investment categories.
That will be narrowed down but that applicants must apply for shares of accepted Singapore markets.
Taxes Bonuses
During Mr Wong’s Budget 2025 statement on Tuesday, he said he would offer tax incentives for Singapore-based companies and finance professionals that choose to record in Singapore.  ,
In order to promote more investment in local capital markets, he added, he said he would create a tax incentive for fund managers who make significant investments in Singapore-listed stocks.
A 20 % corporate income tax return may be applied for Singapore-based businesses and registered business trusts looking to list as a major company in Singapore, according to MAS.
Those looking for a 10 % discount can apply for a secondary listing with discuss release.
The benefit will be limited to S$ 6 million per year of judgment for businesses with business caps under S$ 1 billion, and S$ 3 million per year of judgment for businesses with less than S$ 1 billion.  ,
The businesses must continue to be listed on the SGX for five years, commit to increasing regional business spending or fixed resource investments, and increase experienced employment.
Companies can use for this program through the end of 2027.  ,
Additionally, new fund manager ads in Singapore may have a more favorable tax rate.
If a company has a main listing in Singapore for five times and distributes a percentage of its profits as income, fund professionals will pay 5 % on qualifying money.  , The system runs until , the close of 2028.
Finally, account managers that invest greatly in Singapore can benefit from tax deductions.  ,
Current money must meet this requirement and have an annual net outflow rate equal to at least 5 % of the firm’s AUM in the prior year, while fresh funds must spend at least 30 % of assets under management in Singapore-listed stocks.
The exemptions can be applied for up to the end of 2028 and last for five years per fund.
DEVELOPING INVESTOR BASE, TWEAKING REGULATIONS
Other initiatives include a more extensive MAS research development grant program and a shift toward a focus on small and mid-cap businesses.
The research could be disseminated in new ways, including on new media channels,  , with the aim of building an investor base.
Regulations may also be adjusted after consultations, to be more focused and to reduce friction.
Instead of both RegCo and MAS, one suggestion is to make the listing process simpler, requiring only SGX RegCo approval.
Prospectus requirements and listing procedures can be simplified, and so can the use of merit-based judgment when admiterea new listings.
Some adjustments may also be made for companies that are already listed on the SGX.
SGX RegCo will hold a consultation on removing the financial” Watch-List” and shifting away from regulatory surveillance.  ,
After two weeks, Trade With Caution alerts will also expire indefinitely. ” This minimises unintended knock-on negative effects of such alerts”, said MAS.
Other recommendations are being studied by the review group, including strengthening investor protection and introducing market structure changes to acquaint retail customers.