Under the 5 billion yuan securities market development plan and related new measures, if the number of new family financial offices increased by only 50% this year, an additional 15 billion yuan of funds will be introduced to the Singapore stock market.

Malayan Bank Securities released an analysis report on Sunday (February 23). Thilan Wickramasinghe, head of research at Malayan Bank Securities, said that in 2024, Singapore has added 600 new single companies, and only the number of companies this year will be increased. 50% (similar to the 2023 level) will bring an additional $15 billion, “This is a significant increase.”

He also added that the average annual inflow of institutional and retail funds in the past five years has been 9.6 billion yuan.

The Securities Market Review Team of the Monetary Authority of Singapore announced a series of related measures on Friday (February 21). Among them, the government will adjust the Global Investor Programme under the Singapore Economic Development Agency.

The single family financial management office established through this plan has an asset management scale of at least 200 million yuan. This plan requires the family office to invest in listed stocks, real estate investment trusts, commercial trusts, and funds issued in Singapore. After adjustment, Xinjiaban's 50 million yuan is only limited to investing in local listed stocks.

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Market insiders: 5 billion yuan boosting the stock market is just the starting point. The government should increase its efforts

Market insiders: 5 billion yuan boosting the stock market is just the starting point. The government should increase its efforts

The number of single-party offices that have been issued by the Financial Administration has increased from 1,400 at the end of 2023 to more than 2,000 by the end of 2024, an increase of 600 within one year, or equivalent to an increase of at least 42.9%.

In the report, Dylan also talked about the beneficiaries of stock market revitalization measures, believing that the Singapore Exchange (SGX) is the biggest beneficiary; DBS Bank (DBS), OCBC, UOB, and Yi iFAST Corp and UOB Kay Hian are also expected to taste the sweetness.

High-quality trust stocks such as CapitaLand Comprehensive Commercial Trust (CICT), CapitaLand Tengfei Real Estate Trust (CLAR), and Mapletree Industrial Trust (MINT) should also benefit.

As for small and medium-sized stocks, CSE Global, Frencken, Yongke Holdings (AEM), and ISOTeam are potential winners.