SINGAPORE — Singapore’s inventory change is shedding listings at a quicker tempo than it’s including them, dealing a blow to the city-state’s monetary trade even because it solidifies its place as a regional middle for managing the cash of wealthy Asians.
Though Singapore’s political stability has made it a protected haven for monetary property, current company governance failures and sluggish buying and selling volumes — notably compared with regional rival Hong Kong — have undercut its attraction for corporations elevating fairness capital, analysts say.