Singapore doubles down on openness as APAC AUM grows 6.8%: MTI
MTI cites 7,000 MNCs and 300 VC/PE firms, and points to VCCs, sandboxes, and asset tokenisation as enablers.
Singapore is reinforcing its strategy of openness and long-term positioning as global capital flows shift, as the Asia-Pacific is projected to be the fastest-growing asset and wealth management region through 2030, according to the Ministry of Trade and Industry.
The Ministry cited projections that assets under management in Asia-Pacific will expand at a 6.8% growth rate through 2030, outpacing other regions.
It said Singapore’s role as an asset and wealth management hub rests on its ability to remain open to global capital and talent flows despite rising protectionism and geopolitical uncertainty.
The Ministry said Singapore’s openness has supported the establishment of more than 7,000 multinational corporations and 300 venture capital and private equity firms, whilst government policies continue to focus on helping local companies expand overseas.
It also pointed to International Monetary Fund projections showing ASEAN growth of 4.2% in 2026, compared with 1.8% for advanced economies, underscoring the region’s relative growth momentum.
The remarks highlighted the importance of a long-term regulatory approach in financial services, citing frameworks such as the Variable Capital Company structure, regulatory sandboxes, and the expansion into areas including sustainable finance, asset tokenisation, and digital payments.
The Ministry said these measures aim to support innovation whilst maintaining financial stability.
Building trust in Singapore’s regulatory and business environment remains a priority, the Ministry said, pointing to tripartite cooperation between government, employers, and unions as a key factor in maintaining stable industrial relations and investor confidence.
It added that ongoing consultations under the Economic Strategy Review seek to align policy development with business and workforce needs.