Malaysia Capital Market to strengthen collaboration with China
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Malaysia Capital Market to strengthen collaboration with China 05 July 2019Kuala Lumpur Reporter: Maddie Saghir
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The Securities Commission Malaysia (SC) is set to strengthen closer collaboration between Malaysian and Chinese capital markets to benefit both economies.
This follows the SC’s visit to the Shenzhen Stock Exchange (SZSE) on 4 July where Wu Lijun, chairman, SZSE, emphasised the success of SZSE in financing innovative Chinese companies and small and medium enterprises.
According to the SC, this includes those in technology and advanced manufacturing sectors, which are closely aligned to Malaysia’s economic priorities.
Meanwhile, there are a number of SZSE-listed companies operating in Malaysia under the Belt and Road Initiative (BRI) creating opportunities for collaboration between both countries’ capital markets.
Datuk Syed Zaid Albar, SC chairman, said: “The SC, along with Bursa Malaysia have had numerous engagements with the SZSE in recent months to discuss initiatives for greater cross-border connectivity, exchange of technical expertise and human capital development.”
He added: “We look forward to deepening the ties between Malaysia and China through this collaboration.”
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