Malaysia plans closer links with China’s capital markets
The Securities Commission Malaysia (SC) is seeking closer collaboration between the Malaysian and Chinese capital markets to benefit both economies.
The announcement follows a visit to the Shenzhen Stock Exchange (SZSE) on Thursday by SC chairman Syed Zaid Albar.
During their discussions, SZSE chairman Wu Lijun emphasised the strong success of the exchange in financing innovative Chinese companies and small and medium-sized enterprises, including those in the technology and advanced manufacturing sectors, which are closely aligned to Malaysia’s economic priorities.
At the same time, there are already a number of SZSE-listed companies operating in Malaysia under the Belt and Road Initiative, creating natural synergies and opportunities for collaboration between both countries’ capital markets.
Albar said that 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. “We look forward to deepening the ties between Malaysia and China through this collaboration,” he said.
The SZSE was established on December 1, 1990 as a self-regulated legal entity under the supervision of the China Securities Regulatory Commission. It is one of two main stock exchanges in China, with a market capitalisation of US$3 trillion as of May 2019.