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Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) today signed a Memorandum of Understanding (“MoU”) with the Shanghai Stock Exchange. Under the terms of the MoU, both parties will explore potential ways for the two exchanges to improve their visibility and accessibility to market participants in Malaysia and China.
“This MoU further strengthens the already strong cooperation between our exchanges. China, undoubtedly, remains an important market in the region, if not globally. There are many Chinese investors looking for investing opportunities beyond China, particularly in ASEAN countries,” says Datuk Seri Tajuddin Atan, Bursa Malaysia Chief Executive Officer.
“We, in Bursa Malaysia, have a lot to offer to this group of investors with our various innovative products and services, including our diverse Shariah-compliant offerings, which are ideal for Chinese investors looking for something different.”
Both exchanges will also explore opportunities presented by China’s Belt and Road (“B&R”) Initiative. Already one of Malaysia’s largest trading partners with bilateral trade reaching almost RM100 billion, the potential for further growth between Malaysia and China under B&R Initiative is expected to be big.
Under the MoU, Bursa Malaysia and the Shanghai Stock Exchange will also closely collaborate to address structural issues that may impede market accessibility, in addition to improving information flow between the two markets.
