. we have launched two new funds for co - investment. the government has come together with temasek holdings to establish a new s $ 1. 5 billion fund, called anchor fund @ 65, which will act as a cornerstone investor for promising companies looking to list on sgx. the economic development board ’ s investment arm, edbi, will establish a growth ipo fund, that is starting with a fund size of s $ 500 million to invest in growth stage companies, grooming them for ipos in singapore. we are bringing down listing costs and improving the research ecosystem. mas has enhanced its grant for equity market scheme ( gems ) to provide additional support for listings in singapore. the gems listing grant defrays the cost of listing on sgx by co - funding up to s $ 2 million of listing expenses, an increase from s $ 1 million before. the coverage of the scheme will be expanded to defray the listing costs of special purpose acquisition companies ( spacs ) and real estate investment trusts ( reits ). the gems research grant seeks to groom equity research talent and expand singapore ’ s research coverage of listed companies by co - funding the hiring costs of research analysts. we are expanding the listing pathways for corporates. sgx launched its framework for spac two months ago. traditionally, ipos can be a time - consuming process, and it can come with some uncertainty over valuations and pricing. 3 / 4 bis central bankers'speeches with good quality sponsors, spacs can meet the expansion needs of asia ’ s fast growing companies by letting them gain greater certainty on price and timing, as well as strategic partners that can help them grow further. we are positioning sgx as a platform for sustainable investments. there is much that capital markets can do to direct funding towards sustainable projects and corporates seeking to reduce their carbon footprint. investors are demanding more transparency and they want the information they receive to be consistent and comparable. issuers must account for the impact their actions have on the environment. there must be reliable disclosures and access to data for verification. sgx is spearheading efforts to enhance transparency in sustainable investments. listed issuers on sgx have been making disclosures on sustainability since 2016. sgx is now developing a common sustainability disclosure portal, that will facilitate sustainability reporting for private companies and smes in the future. this will help promote more efficient pricing of corporates ’ esg activities, through for example, incorporating a green premium or a brown discount

ravi menon : singapore as a centre for fund - raising in asia keynote speech by mr ravi menon, managing director of the monetary authority of singapore, at the singapore exchange capital markets symposium, 17 november 2021. * * * ladies and gentlemen, good afternoon. asia is becoming a global force in capital markets. in 2020, equity capital raised in the asiapacific region increased by two - thirds. debt capital increased by 10 %. the asia - pacific accounted for more than one third of global equity proceeds as well as one - third of debt issuance last year. there are three reasons why asian capital markets are poised for continued rapid growth : dynamic companies with large fundraising needs ; large pools of capital looking for investment opportunities ; and effective platforms to match fundraising needs with capital asia is fertile ground for innovative companies to thrive. with rising household incomes and increasingly tech - savvy consumers, asian consumer markets are burgeoning. this has helped to spur a burst of entrepreneurship in asia. we see this innovative energy across asian cities, from bangalore to shenzhen, jakarta to manila, from ho chi minh city to bangkok, and of course singapore. asia is now home to a large number of high - growth companies, such as carousell, carro, justco, mirxes, and ninja van. to scale up, asian companies need to raise capital. as these firms expand into more markets, they will need pe / vc funding, and eventually tap on the public markets. asia has attracted substantial institutional funds from around the world. global investors ’ allocations to the region have been rising, alongside asia ’ s increasing weight in global indices. the region has become a favourite hunting ground for investors, in search of the next unicorns. households and institutions in the region have themselves become ample sources of wealth looking for investment opportunities. these pools of capital can be mobilised through our capital markets, to finance the region ’ s high - growth enterprises. asia has an abundance of channels through which companies and capital can meet. there are established bourses as well as newer, tech - focused exchanges. there is also a growing number of blockchain - enabled platforms. example : dbs bank has launched the dbs digital exchange for the tokenisation, trading and custody of digital assets. singapore ’ s value proposition singapore is well poised to become one of the leading fund - raising centres in asia. there are four key dimensions to singapore ’ s value proposition : a vibrant ecosystem for private equity and venture capital ;