SINGAPORE — Singapore’s stock exchange is losing listings at a faster pace than it is adding them, dealing a blow to the city-state’s financial industry even as it solidifies its position as a regional center for managing the money of rich Asians.
Although Singapore’s political stability has made it a safe haven for financial assets, recent corporate governance failures and sluggish trading volumes — particularly in comparison with regional rival Hong Kong — have undercut its appeal for companies raising equity capital, analysts say.
