The Securities Commission Malaysia (SC) announced today that it will facilitate closer
collaboration between the Malaysian and Chinese capital markets which will mutually
benefit both economies, following a visit to the Shenzhen Stock Exchange (SZSE) on Thursday.
During the discussions, SZSE Chairman Wu Lijun emphasised the strong success of
SZSE in financing innovative Chinese companies and SMEs, including those in the
technology and advanced manufacturing sectors, which are closely aligned to Malaysia’s economic priorities. At the same time, there are already a number of SZSE-listed companies operating in Malaysia under the Belt and Road Initiative (BRI), creating natural synergies and opportunities for collaboration between both countries’ capital markets.
SC Chairman Datuk Syed Zaid Albar said, “The SC, along with Bursa Malaysia have
had numerous engagements with the SZSE in recent months to discuss initiatives for
greater cross-border connectivity, exchange of technical expertise and human capital
development. We look forward to deepening the ties between Malaysia and China
through this collaboration.”
Following this working visit, SZSE, the SC and Bursa Malaysia will hold further indepth discussions to define and sharpen the value proposition of the collaboration, and work towards implementing these initiatives.
The SC was a member of Malaysia’s Ministry of Finance delegation to China, led by Finance Minister YB Lim Guan Eng. The delegation’s visit to SZSE was received by the stock exchange’s senior officials, led by its Chairman Wu Lijun.
SZSE was established on 1 December 1990 as a self-regulated legal entity under the
supervision of the China Securities Regulatory Commission (CSRC). It is one of two
main stock exchanges in mainland China, with a market capitalisation of USD3 trillion
as at May 2019.