Bursa Malaysia Berhad (“Bursa Malaysia”) together with Shenzhen Stock Exchange (“SZSE”) and Stock Exchange of Thailand, hosted the “ASEAN Capital Market Cooperation Seminar (Manufacturing Session)” on 30 October 2020. The objective of the seminar is creating firstly, awareness of joint market promotions. Secondly, information sharing. Thirdly, business development and finally, investment opportunities. Speakers of this virtual seminar comprised of leading manufacturing companies and industry experts from the three respective exchanges.  Their targets are Chinese and ASEAN investors and corporations.

Launch of V-Next on Bursa

The event also saw the launch of the V-Next Overseas Listed Companies Information page on the V-Next Platform of SZSE. V-Next is a financial service platform that performs cross-border matching of Chinese investors to innovative and high-tech companies globally. The new page will help enhance the visibility and profile of Malaysian public listed companies to China’s institutional investors.

The three companies that participated in the virtual seminar are Top Glove Corporation Berhad, Beibu Gulf Port and Siam Cement PCL. The panellists at the webinar included Mr Sivasuriyamoorthy Sundara Raja, Executive Director of the Malaysian Investment Development Authority (MIDA); Mr Haiyan Guo, Managing Director of China International Capital Corporation Limited; Mr Kasem Prunratanamala, Head of Research CGS-CIMB Securities (Thailand) Co. Ltd; and Mr Khor Bo Yang, Assistant Vice President, CGS-CIMB Securities (SG).

Speaking at the event, Mr Azhar Mohd Zabidi, Director, Securities Market of Bursa Malaysia, said, “China remains the largest source of foreign direct investment (FDI) in the manufacturing sector. China investments totalled RM40.3 billion which has created over 40,000 jobs between 2016 and 2019. We hope today’s session will inspire and enlighten participants on the abundant opportunities available in Malaysia. We hope this trend continues to further substantiate Malaysia’s value proposition as a global manufacturing and supply chain hub.”

Benefits for Investments

Mr Huiqi Pei, Deputy Director, International Department, Shenzhen Stock Exchange, said, “Bursa Malaysia and The Stock Exchange of Thailand are old friends of Shenzhen Stock Exchange. All parties have actively engaged and learned from each other, carried out various initiatives and have achieved positive results. Today, this fruitful session held by the three parties demonstrates another successful and innovative event. We believe these cross-border collaborations will continue to provide an in-depth exchange of ideas and thought leadership. Above all, these will benefit the three exchanges.”

The three exchanges will continue to strengthen collaborative efforts by promoting the flow of investment between the three countries. These include the joint promotion of index constituents to enhance the visibility and profile of the three markets. In conclusion, we can expect to see more collaboration between the three exchanges soon.

A recording of the seminar can be found at the link here.

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