Monetary Authority of Singapore Expands Equity Market Development Program to S$6.5 Billion
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The Monetary Authority of Singapore (MAS) today announced the expansion of its Equity Market Development Program (EQDP) from S$5 billion to S$6.5 billion, following a top-up to the Financial Sector Development Fund unveiled in the national Budget statement.
The additional funding was announced by Prime Minister and Minister for Finance Lawrence Wong as part of the Government's ongoing efforts to strengthen Singapore's capital markets and reinforce its position as a leading global financial centre.
Launched in February 2025, the EQDP aims to develop Singapore's fund management industry and broaden investor participation in Singapore-listed equities. To date, MAS has allocated S$3.95 billion across nine appointed asset managers. The next batch of EQDP managers is expected to be announced around mid-2026.
With the expanded mandate, MAS will be able to support a larger pool of high-quality asset managers whose investment strategies are significantly focused on Singapore equities. The enhanced program is also expected to catalyse greater third-party investments into the domestic equities market.
"The expansion of the EQDP will enable more high-quality asset managers with strategies that invest significantly in Singapore equities to be funded, and also catalyse more third-party investments into the equities market," MAS said in a statement. "This will further anchor deeper pools of capital for Singapore-listed companies with strong fundamentals and support a well-functioning and vibrant Singapore equities market."
The move underscores MAS' continued commitment to deepening liquidity, strengthening market resilience, and fostering sustainable growth within Singapore's capital markets ecosystem.
