KUALA LUMPUR – 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 with the objective of creating awareness of joint market promotions, information sharing, business development and investment opportunities.
Speakers of this virtual seminar comprised leading manufacturing companies and industry experts from the three respective exchanges, targeting Chinese and ASEAN investors and corporations.
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 were 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, recording a total of 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 and ensuring the continuation of this trend to further substantiate Malaysia’s value proposition as a global manufacturing and supply chain hub.”
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 in-depth exchange of ideas and thought leadership for the benefit of the three exchanges.”
Bursa Malaysia and SZSE will continue to strengthen collaborative efforts by promoting the flow of investment between the two countries, which includes joint promotion of index constituents to enhance the visibility and profile of the Chinese and Malaysian market.