A new workgroup has been set up to develop strategies and strengthen Singapore's position as a global leader in private capital, said Minister for National Development and deputy chairman of the Monetary Authority of Singapore (MAS) Chee Hong Tat.Speaking to the media on Friday (Feb 13), Chee said that the Growth Capital Workgroup will recommend measures to support the financing needs of companies from Singapore and the region across the various growth stages.The workgroup, first announced by Prime Minister Lawrence Wong during his Budget statement on Thursday, will be chaired by Chee. It will comprise key private sector stakeholders and public sector representatives, including organisations like DBS, Temasek Holdings and Goldman Sachs. Shawn Huang, Senior Parliamentary Secretary for the Ministry of Finance and Ministry of Manpower, is the other political office holder in the workgroup.«The supply of capital and the demand for capital presents an opportunity for us as a trusted financial hub to see how we can benefit from this growth,» said Chee. Read more