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The refreshed Financial Services Industry Transformation Map ITM 2025 lays out the strategies for reinforcing Singapore's position as a premier international financial hub in Asia, med at fostering robust growth and promoting sustnable finance.
Vision
Singapore is envisioned as an international financial center that:
Connects Global Markets: Acts as a pivotal gateway linking diverse global markets with opportunities for investment and trade.
Supports Asia’s Development: Drives economic advancements across the Asian region by facilitating capital flow, risk management solutions, and financing of key projects.
Serves Singapore's Economy: Upholds financial stability while catalyzing innovation and growth within the country.
Key Strategies
Enhance Asset Class Strengths: Deepening expertise in critical asset classes strengthens Singapore’s financial center's appeal to international investors.
Digitalize Financial Infrastructure: Harnesses technology advancements to cultivate innovative business, boost operational efficiency, and expand access to financial services.
Catalyse Asia's Net-Zero Transition: Leverages the sector's capital deployment capabilities to support sustnable development across the region.
Shape Future of Financial Networks: Promotes a pioneering digital assets ecosystem that combines innovation with regulatory oversight to ensure financial integrity.
Foster a Skilled and Adaptable Workforce: Cultivates a robust local talent pool augmented by global expertise, positioning Singapore as a hub for financial services professionals.
Growth Targets
4.0 - 5.0 annual value-added growth
Creation of 3,000 to 4,000 net jobs annually
Past Performance Review
The initial Financial Services ITM launched in 2017 emphasized innovation and technology integration alongside the development of a premier workforce.
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This is an updated version of content from Government of Singapore, last modified on April 26, 2024.
The refreshed Financial Services Industry Transformation Map ITM 2025 outlines strategic initiatives to elevate Singapore's status as a leading international financial center in Asia, ming at fostering a robust and sustnable industry landscape.
Vision
Singapore envisions itself as an indispensable hub:
Connecting Global Markets: Serving as the epicenter for global market integration, enabling seamless investment opportunities.
Sustning Asian Development: Contributing to regional economic growth through capital flow management and financing support for projects that drive development.
Supporting Singapore's Economy: Ensuring financial stability while driving innovation and growth within the nation.
Key Strategies
Boost Asset Class Offerings: Strengthen capabilities in key asset classes to attract a wider investor base and enhance the overall appeal of the financial center.
Embrace Digitalization: Leverage technological advancements to foster new business, streamline operations, and broaden access to financial services for all stakeholders.
Accelerate Net-Zero Transition: Leverage financial service strengths to provide capital solutions that support Asia's sustnable development goals.
Innovate Financial Networks: Create a forward-thinking digital asset ecosystem that balances innovation with regulatory oversight to ensure trust and integrity in transactions.
Nurture Talented Workforce: Develop a skilled and adaptable talent pool, integrating global expertise to mntn Singapore’s position as the hub for financial services professionals.
Growth Objectives
4.0 - 5.0 annual growth in value-added output
Annual creation of 3,000 to 4,000 net jobs
Review of Past Achievements
The inaugural Financial Services ITM launched in 2017 prioritized innovation and technology adoption alongside the development of a high-performing workforce.
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Published by Government of Singapore, Last Updated: April 26, 2024.
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Singapore International Financial Center Growth Strategies Asian Net Zero Transition Financial Support Digitalized Financial Infrastructure Development Skilled Workforce for Financial Services Industry Asset Class Offerings Enhancement Plans Enhanced Innovation and Sustainability Goals