Singapore announced at the Budget 2026 the formation of a workgroup to strengthen its position as a leading centre for growth capital.
The Growth Capital Workgroup will be chaired by Chee Hong Tat, Minister for National Development and Deputy Chairman of the Monetary Authority of Singapore.
It will comprise private and public sector representatives, with support from the Monetary Authority of Singapore and the Ministry of Trade and Industry.
It will recommend measures to support the financing needs of companies from Singapore and the region across various growth stages.
Bank loans remain the primary source of financing in many Asian economies.
Policymakers are seeking to widen capital channels as global investors diversify to manage risks and capture growth opportunities.
Singapore sees scope to reinforce its role as a regional growth capital hub.
The initiative builds on the Equities Market Review Group’s efforts to strengthen the equities market and complements recommendations from the recent Economic Strategy Review Mid-term Update.
The workgroup will examine venture capital, private equity, private credit and securitised assets.
Its review will cover the financing value chain, from deal origination and capital raising to mobilisation and capital recycling, with the aim of supporting Singapore’s startup ecosystem and a new generation of enterprises scaling regionally and globally.
The workgroup aims to complete its review by end-2027 and will provide interim updates on its recommendations.
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