Bursa Malaysia, Fullgoal HK, And CGS International Malaysia Sign Memorandum Of Understanding To Facilitate ETF Listings On Bursa Malaysia - The Initiative Aims To Provide Malaysian Investors With Access To A Wider Range Of Investment Options, As Well As Exposure To Global Markets

In a significant move towards international financial integration and to enhance vibrancy of Malaysia’s capital market, Bursa Malaysia Berhad (Bursa Malaysia), Fullgoal Asset Management (HK) Limited (Fullgoal HK), and CGS International Securities Malaysia Sdn. Bhd. (CGS MY) today signed a Memorandum of Understanding (MOU) at the ASEAN Business Forum 2025, which was organised on the sidelines of the 46^th ASEAN Summit. 

The MOU was represented by Dato’ Fad’l Mohamed, Chief Executive Officer (CEO) of Bursa Malaysia; Mr Lixin Zhang, CEO of Fullgoal HK; and Mr Khairi Shahrin Arief Baki, Deputy CEO, CGS International Malaysia. The occasion was witnessed by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA); Chairman of China Galaxy Securities, Mr Wang Sheng; Securities Commission Malaysia Executive Chairman, Dato’ Mohammad Faiz Azmi; and ASEAN-Business Advisory Council Malaysia Chair, Tan Sri Nazir Razak.

The tripartite collaboration aims to facilitate the listing of foreign-underlying Exchange Traded Funds (ETFs) on Bursa Malaysia, providing Malaysian investors access to a wider range of investment options, while offering exposure to global markets. 

Bursa Malaysia continues to strengthen the local ETF ecosystem through a series of structured and strategic initiatives. These include initiatives that focus on ecosystem development and stakeholder engagement, and the ETF Challenge, designed to raise awareness and educate retail investors. Currently, Bursa Malaysia offers investment opportunities via 17 ETFs¹ managed by 6 issuers², with a total Asset Under Management (AUM) of approximately MYR2.4 billion (RMB4 billion). 

Dato’ Fad’l Mohamed said: “This collaboration marks a pivotal step in expanding Malaysia’s ETF landscape, offering our investors greater diversity and access to global opportunities. Together with Fullgoal HK and CGS International, we are committed to deepening market sophistication and driving sustainable growth in our capital markets. This initiative reinforces Bursa Malaysia’s position as an investment gateway, bridging Malaysia with global financial markets.” 

Mr Ge Chen, CEO of Fullgoal Fund and Chairman of Fullgoal HK, emphasised the strong maritime ties between China and Malaysia, rooted in a long-standing friendship. He noted that, with the collaborative efforts of both governments to advance the Belt and Road Initiative, financial and economic cooperation has significantly deepened.

“In light of this opportunity, Fullgoal Fund is committed to its ‘going global’ strategy. By leveraging our research expertise in Equity, Fixed Income, and Quant Investments, we are enhancing our global asset allocation capabilities and exploring international investment opportunities. This approach enables Fullgoal to better meet the diverse asset allocation needs of our investors while collaborating closely with partners in Malaysia and around the world to achieve shared success in the future,” Mr Chen said.

Ms Carol Fong, Group CEO of CGS International Securities Group, said: “CGS International is honoured to bring our investment management, research, and distribution capabilities to this partnership to facilitate the cross-listing of ETFs on Bursa Malaysia, with Fullgoal HK. In the past two years, we have collaborated with Fullgoal HK on two ETFs in Singapore, which offer the local investors unique opportunities to invest in markets and sectors that are hard to access. We are excited to bring more ETFs to Malaysian investors, fulfilling our aim of making investing more accessible to the masses.”

The MOU reflects the joint commitment by Bursa Malaysia, Fullgoal HK, and CGS MY to strengthen collaboration to promote capital market connectivity between China and Malaysia, enrich cross-border product offerings, and enhance the cross-border development capabilities of the asset management industry.