{"text":[[{"start":9.9,"text":"Singapore’s stock exchange has struck a deal with Nasdaq to allow companies to list at the two venues simultaneously, as the city-state tries to stem the flow of its fastest growing companies going overseas to list."}],[{"start":25.130000000000003,"text":"Under the arrangement announced on Wednesday, companies with a market value of more than S$2bn ($1.5bn) will be able to file a single set of paperwork with regulators to list simultaneously in Singapore and New York, which executives said was a far simpler process than other dual-listing agreements."}],[{"start":51.120000000000005,"text":"“We hope to attract quality growth-oriented companies with an Asian nexus seeking to expand their investor base, while staying true to their roots, without having to navigate the complexity of dual regulatory regimes,” said Loh Boon Chye, chief executive of SGX Group, which runs the Singapore exchange. "}],[{"start":72.57000000000001,"text":"The agreement with New York’s Nasdaq, which is due to go live next year, is aimed at attracting Asian companies in areas such as technology that previously had chosen to list in the US."}],[{"start":87.41000000000001,"text":"It is part of a package of incentives aimed at turbocharging Singapore’s equity market, which has suffered from more delistings than initial public offerings in recent years."}],[{"start":98.09,"text":"Several of Singapore’s biggest tech companies — including ride-hailing group Grab and ecommerce business Sea Ltd — have opted to list in the US over their home market to access deeper pools of capital."}],[{"start":113.08,"text":"Last summer, the Monetary Authority of Singapore launched a review of the country’s equity markets, with a panel that included the heads of the MAS, SGX and Temasek, the state-owned investment company."}],[{"start":127.37,"text":"The MAS has already promised to inject S$5bn into the stock market through fund managers, to encourage more investors to enter the market and increase liquidity."}],[{"start":140.25,"text":"The number of companies listed on SGX fell to 605 in October — its lowest level for more than two decades."}],[{"start":149.08,"text":"Even so, Singapore had nine IPOs this year, with the S$2bn of proceeds from the deals the largest amount in south-east Asia. The figures were driven by the listings of two large real estate investment trusts, as well as several secondary listings."}],[{"start":168.96,"text":"Loh told the Financial Times in August that there were tens of companies in talks to list in the city-state."}],[{"start":177.14000000000001,"text":"The Singapore stock market is up 20 per cent over the past 12 months, beating many peers in the region and just ahead of the Nasdaq Composite."}],[{"start":196.71,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1763593530_8751.mp3"}