KUALA LUMPUR, 15 April 2020 – Bursa Malaysia Berhad (Bursa Malaysia) and Shenzhen Stock Exchange (SZSE) have entered into a Memorandum of Understanding (MoU) to broaden opportunities in investment and facilitate further cross-border collaboration between the two countries.
Both parties welcomed the collaboration through a virtual signing ceremony held in the presence of Datuk Shireen Ann Zaharah Muhiudeen, Chairman of Bursa Malaysia and Mr Wang Jianjun, Chairman of SZSE.
Under the MoU, both exchanges will collaborate on several areas of mutual interest that are aimed to strengthen the tie and promote the flow of investment between the two countries.
Among others, it will include the facilitation to display mutual benchmark indices in the respective markets and joint promotion of the indices and their constituents to enhance the visibility and profile of both the Malaysian and Chinese markets.
This collaboration will be initiated with Bursa Malaysia and SZSE hosting a joint virtual seminar titled “China-Malaysia Electronic Industry Cooperation” at the end of April.
The seminar will highlight the significance of the Electronics industries in both markets and their roles in a new era of digitalisation amidst the fourth industrial revolution (IR4.0). The seminar will feature a panel of speakers, including Industry Experts on cross border collaborations and investment opportunities.
“Moving forward, I am keen to see more public listed companies (PLCs) adopt new technology platforms to promote their businesses globally. I believe market troughs will lead to market peaks; we must keep looking forward and prepare for the recovery of our economy.
Therefore, one of the first steps we will look into is the virtual panel discussion on Supply Chain for the Belt and Road Initiative with Malaysian companies,” said Datuk Shireen Ann Zaharah Muhiudeen, Chairman of Bursa Malaysia.
The MoU also includes a plan for joint market promotion, information sharing, developments in people and technology as well as other forms of co-operation in business development for the benefit of both exchanges.
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