Malaysia, China to collaborate on capital markets

By DASHVEENJIT KAUR

THE Securities Commission Malaysia (SC) is set to facilitate closer cross-border cooperation between Malaysian and China capital markets, which will mutually benefit both economies.

The collaboration will focus on initiatives for greater cross-border connectivity, exchange of technical expertise, as well as human capital development.

SC chairman Datuk Syed Zaid Albar said the commission and Bursa Malaysia have had numerous engagements with the Shenzhen Stock Exchange (SZSE) in recent months to discuss on the initiatives.

“We look forward to deepening the ties between Malaysia and China through this collaboration,” he said in a statement last Friday.

The SC, which was a member of the Ministry of Finance’s delegation to China, visited the SZSE office last Thursday.

According to the regulatory body, SZSE chairman Wu Lijun emphasised the strong success of the stock exchange in financing innovative Chinese companies and small and medium enterprises — including those in the technology and advanced manufacturing sectors — which are closely aligned to Malaysia’s economic priorities.

“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,” it noted.

Following this working visit, SZSE, the SC and Bursa Malaysia will hold further in-depth discussions to define and sharpen the value proposition of the collaboration and work towards implementing these initiatives.

SZSE was established on Dec 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 mainland China, with a market capitalisation of US$3 trillion (RM12.42 trillion) as at May 2019.

As for the Malaysian capital market, it values at RM3.19 trillion as at end April 2019.

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