Singapore International Financial CentreGateway to opportunities in Asia and beyondA well established and diversified financial sector
In just over four decades, Singapore has established a thriving financial centre of international repute, serving not only its domestic economy, but also the wider AsiaPacific region and in some instances, the world. Singapore's financial centre offers abroad range of financial services including banking, insurance, investment banking andtreasury services.A key aspect of Singapore’s financial centre is its deep and liquid capital markets. Withone of the more well-established capital markets in Asia-Pacific, the Singapore Exchange(SGX) is the preferred listing location for more than 200 global companies. Today,Singapore has grown to be the largest Real Estate Investment Trust (REITs) market inAsia ex-Japan and also provides an extensive offering of investments in business trustsof shipping, aviation and infrastructure assets.Singapore’s bond market has also grown significantly. With an extensive range of bothSingapore government securities and foreign corporate bonds available, Singapore offersfixed income investors a wide range of investment opportunities.As one of the top 5 most active foreign exchange trading centres in the world, Singaporeis also the second largest over-the-counter derivatives trading centre in Asia, and aleading commodities derivatives trading hub.With total assets under management of around S$1 trillion, and which continues to seesteady growth, Singapore is also recognized as one of the premier asset managementlocation in Asia.
As an international financial centre, Singapore offers financial institutions a pro-businessenvironment, excellent infrastructure, cost-competitiveness, a highly skilled andcosmopolitan labour force, and is strategically located in a region of opportunities.
Conducive business environment
Singapore has long been recognised as one of the best cities for business. In the Swiss-based international Institution for Management Development's 2008 WorldCompetitiveness Yearbook, Singapore has been ranked as the second-most competitivecountry in the world after the United States. This is what a World Bank report had to sayabout doing business in Singapore "It takes an entrepreneur just over 6 working days toget a new business going in Singapore, with low start-up costs. Overall, taking intoaccount other factors, including business licensing, taxes, credit legal rights and investorprotection, Singapore has about the most business-friendly regulation in the world."