SGX-Nasdaq dual-listing bridge may afford GIC, Temasek bigger role in revitalising local market

MAS says EQDP and the Anchor Fund @ 65 will support fundraising activity and trading liquidity on the new Global Listing Board

As one might expect, the announcement from the Singapore Exchange (SGX) and Nasdaq last week about their plan to establish a “dual-listing bridge” included quotes from their respective chief executives extolling the virtues of cooperation, and the benefits of enabling companies to simultaneously access capital and liquidity in North America and Asia.

It also seemed quite natural that Minister for National Development Chee Hong Tat weighed in on the deal, expressing confidence in the potential of the Global Listing Board that SGX plans to set up for these dual listings.

Chee is, after all, chairman of the Equities Market Review Group that the Monetary Authority of Singapore (MAS) formed last year, and the SGX-Nasdaq deal is said to have been “encouraged and facilitated” as part of the national effort to draw promising companies to the local market.

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