Michael de Waal-Montgomery’s Post

When things aren’t working as well as we’d like, we typically have three choices: 1) criticise and complain, 2) accept it and live with it, or 3) try to do something about it. This time, I’ve chosen option 3. I’m privileged to be part of the Enterprise and Markets Workstream that will support the Equities Market Review Group established by the Monetary Authority of Singapore (MAS). Our aim is to help identify and address key market challenges, opportunities and develop initiatives that can kickstart listings, enhance liquidity and revitalise the market. https://lnkd.in/g82MNtwZ What am I thinking? We need to be bold. You can read more here: https://lnkd.in/gaFpji7y

Our Managing Partner B. Paul Santos was recently selected as a member of the Monetary Authority of Singapore (MAS)’s Enterprise and Markets Workstream. He encourages us to rethink the future of Singapore’s equities market. Instead of focusing on incremental fixes for the SGX Group, Paul emphasises boldness by asking, “What can the Singapore equities market be the best in the world at?” This approach, he believes, is crucial for driving real, transformational growth. For more of his thoughts on the SGX, check out the link below ⬇ #SGX #singaporeexchange #equities #innovation #sustainability #emergingmarkets #MAS #startups #WavemakerPartners

I think this is one of the more refreshing articles on how to reinvent SGX. Some of the ideas are similar to what I’ve shared privately with others. But this: “Singapore’s reputation for governance is well-established, and this is where we can easily create significant value. Simply put, if we can ensure these emerging market-focused startups meet Singapore’s world-class governance standards, we can create a trust premium.” I don’t know why so many people still think our reputation for governance is still great or that we have world-class governance standards. We are not even Asia-class in many areas based on my knowledge of standards in different markets. Do a proper benchmarking and let’s see, rather than just make claims that we are world class.

“The Singapore market lacks companies that operate in the internet, software and communications segment. We cannot exactly name a listed company that is a direct beneficiary of AI. We have only a small video game art studio, Winking Studios, listed on the SGX.” Instead, “we have a high concentration of asset-heavy companies on the SGX. These tend to deliver lower return on equity, and are less-attractive in a higher interest rate environment”. * Singapore struggles to bring Technology-to-Market Innovation, while Innovation happens in other sectors here, we just cannot overcome this barrier and resistance force with Disruptive Innovation Theory. Let Board Directors think over what's Disruptive Technology Innovation 💡

A vibrant and liquid stock market is vital to securing Singapore’s continued success as a global financial centre, and it is “evident” that this business needs more work, a senior executive of the local bourse said. Beyond generating profits for the Singapore Exchange (SGX), the purpose of the local stock market is to serve as a trusted and efficient marketplace for growing enterprises to readily raise capital and advance further. Should it fail to enable venture capital and private equity to exit their investments and recycle the capital deployed, the supply of such capital will eventually dry up and threaten the start-up ecosystem that Singapore has built and nurtured over the past decades.

Our CEO 💼 shares valuable insights on the evolving landscape of the Singapore Exchange, highlighting the formation of the Review Group aimed at boosting the market 📈. One often-overlooked factor in stock performance is liquidity , which plays a crucial role in a company’s success on the exchange. At DeltaBlock, we understand the importance of liquidity and support small and mid-cap companies 📊 to thrive on the stock market, leveraging the strength of their fundamentals 💪. #SingaporeExchange #MarketInsights #LiquidityMatters #StockPerformance #SmallCapStocks #MidCapStocks #FinancialGrowth #DeltaBlock #StockMarket #BusinessFundamentals

📉 **Revitalization Debate**: There's an ongoing discussion about revitalizing SGX using GIC funds to boost valuations and investor confidence. 📊 **Mixed Opinions**: Some analysts support the idea, seeing an opportunity for GIC to aid the struggling local market; others cite conflicts with GIC's long-term mandate. 🔄 **Previous Discussions**: Suggestions to utilize GIC funds in SGX aren't new, echoing past conversations from various organizations aimed at reinvigorating the Singapore stock market. - Want full insights? Subscribe to Tech in Asia to read the entire article.

Today, I see Singaporeans more keen to invest into that next million dollar HDB and S$100,000 COE; I am not sure there is surplus to put into Singapore Stock Exchange. Usually, I hear of a Kopi or Food Chain listing or lately trying to delist; not only the market is subdued, the media doesn't hype companies of potential or lack visibility. As far as I know, Lawyers, Accountants and Finance people benefit within the Boards, I don't see other professionals like Scientists and Engineers getting involved with Disruptive Innovation. More than raising money and profit from it, the absence of the catalyst, why Singaporeans need to invest in another Food Chain or Restaurant? The culture needs to start from local banks, what SME they loan to and aspire them or different businesses to go SGX, instead of just lending to get interest rates; or simply, where is more convenient, the banks or SGX? The liquidity is flowing, just that it is flowing into the above, rather than into something FutureEconomy, Building Greatness into Products and Services that Singaporeans truly value as Made in Singapore 🇸🇬 * Because most Singaporeans no longer believe Manufacturing can make it here as we are getting too expensive; or is it the case?

Hong Kong Exchange (HKEX) commemorates 10th anniversary of 2-way capital flows mutual access program Stock Connect between Mainland China & the world via Hong Kong, hosting the first HKEX Connect Summit(18/11/24).  The Shanghai-Hong Kong Stock Connect was launched on 17th November 2014 and Shenzhen-Hong Kong Stock Connect launched on 5 December 2016.  Northbound average daily turnover had reached $156 billion (RMB 136.3 billion), and Southbound reached $56 billion (HKD 43.9 billion) in the 1st 10 months of 2024.  In 2024 September, Mainland China investors held $424 billion (HKD 3.3 trillion) securities portfolios in Hong Kong.   The Bond Connect was launched in 2017, ETF Connect was launched in 2022, and Swap Connect was launched in 2023.  Read - https://lnkd.in/dYFKRmSt follow Caproasia | Driving the future of Asia The Hong Kong Exchange (HKEX) commemorated the 10th anniversary of 2-way capital flows mutual access program Stock Connect between Mainland China & the world via Hong Kong, hosting the first HKEX Connect Summit(18/11/24).  The Shanghai-Hong Kong Stock Connect was launched on 17th November 2014 and Shenzhen-Hong Kong Stock Connect launched on 5 December 2016.  Northbound average daily turnover had reached $156 billion (RMB 136.3 billion), and Southbound reached $56 billion (HKD 43.9 billion) in the 1st 10 months of 2024.  In 2024 September, Mainland China investors held $424 billion (HKD 3.3 trillion) securities portfolios in Hong Kong.   The Bond Connect was launched in 2017, ETF Connect was launched in 2022, and Swap Connect was launched in 2023. HKEX Chairman, Carlson Tong: “Today we celebrate a milestone that marks a decade of collaboration between HKEX, Mainland exchanges, regulators, clearing houses, and market participants from around the globe. Over the past 10 years, our partnership has not only helped strengthen our market infrastructure, but also created new opportunities and facilitated a remarkable surge in two-way capital flows. I am honoured to have played an active role in the launch of the Connect programme back in 2014, and I look forward to the continued collaboration and innovation with our partners in the next 10 years and beyond.” HKEX CEO, Bonnie Y Chan: “Over the past decade, the Connect programme has pioneered greater accessibility and provided unprecedented opportunities for international investors interested in the world’s second-largest economy, and for Mainland China investors seeking to diversify their portfolios through Hong Kong, fostering greater liquidity and diversity in our markets. It has evolved beyond equities to include bonds, ETFs and interest rate swaps ... ... Hong Kong Exchanges and Clearing Limited (HKEX)

Hong Kong Exchange (HKEX) commemorates 10th anniversary of 2-way capital flows mutual access program Stock Connect between Mainland China & the world via Hong Kong, hosting the first HKEX Connect Summit(18/11/24).  The Shanghai-Hong Kong Stock Connect was launched on 17th November 2014 and Shenzhen-Hong Kong Stock Connect launched on 5 December 2016.  Northbound average daily turnover had reached $156 billion (RMB 136.3 billion), and Southbound reached $56 billion (HKD 43.9 billion) in the 1st 10 months of 2024.  In 2024 September, Mainland China investors held $424 billion (HKD 3.3 trillion) securities portfolios in Hong Kong.   The Bond Connect was launched in 2017, ETF Connect was launched in 2022, and Swap Connect was launched in 2023.  Read - https://lnkd.in/dMrCCjY9 follow Caproasia | Driving the future of Asia The Hong Kong Exchange (HKEX) commemorated the 10th anniversary of 2-way capital flows mutual access program Stock Connect between Mainland China & the world via Hong Kong, hosting the first HKEX Connect Summit(18/11/24).  The Shanghai-Hong Kong Stock Connect was launched on 17th November 2014 and Shenzhen-Hong Kong Stock Connect launched on 5 December 2016.  Northbound average daily turnover had reached $156 billion (RMB 136.3 billion), and Southbound reached $56 billion (HKD 43.9 billion) in the 1st 10 months of 2024.  In 2024 September, Mainland China investors held $424 billion (HKD 3.3 trillion) securities portfolios in Hong Kong.   The Bond Connect was launched in 2017, ETF Connect was launched in 2022, and Swap Connect was launched in 2023. HKEX Chairman, Carlson Tong: “Today we celebrate a milestone that marks a decade of collaboration between HKEX, Mainland exchanges, regulators, clearing houses, and market participants from around the globe. Over the past 10 years, our partnership has not only helped strengthen our market infrastructure, but also created new opportunities and facilitated a remarkable surge in two-way capital flows. I am honoured to have played an active role in the launch of the Connect programme back in 2014, and I look forward to the continued collaboration and innovation with our partners in the next 10 years and beyond.” HKEX CEO, Bonnie Y Chan: “Over the past decade, the Connect programme has pioneered greater accessibility and provided unprecedented opportunities for international investors interested in the world’s second-largest economy, and for Mainland China investors seeking to diversify their portfolios through Hong Kong, fostering greater liquidity and diversity in our markets. It has evolved beyond equities to include bonds, ETFs and interest rate swaps ... ... Hong Kong Exchanges and Clearing Limited (HKEX)