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Bursa Malaysia, Shanghai Stock Exchange ink MoU to further strengthen cooperation

KUALA LUMPUR, May 14, 2017: Bursa Malaysia Bhd has signed a memorandum of understanding (MoU) with the Shanghai Stock Exchange to explore potential ways for the two exchanges to improve their visibility and accessibility to market participants in Malaysia and China.

Bursa Malaysia in a statement here today said this MoU would further strengthen the already strong cooperation between both exchanges.

China remains an important market in the region, if not globally, and there were many Chinese investors looking for investing opportunities beyond China, particularly in Asean countries, said Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan.

“We, in Bursa Malaysia, have a lot to offer to this group of investors with our various innovative products and services, including our diverse Syariah-compliant offerings, which are ideal for Chinese investors looking for something different,” he said.

Both exchanges will also explore opportunities presented by China’s Belt and Road Initiative (BRI).

“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 the B&R Initiative is expected to be big,” said Tajuddin.

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.

– BERNAMA

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