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

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

Called Grant 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.

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