ASEAN Exchanges meet in support of the integration of ASEAN capital market
The ASEAN Exchanges CEOs met with the Prime Minister of Malaysia, Najib Razak, for a dialogue on how to further harmonise and integrate ASEAN capital markets in order to better support the growth of all ASEAN economies. Malaysia took over the Chairmanship of ASEAN in January 2015 and the meeting showed the support for the ASEAN Economic Community agenda.
Speaking on behalf of ASEAN Exchanges, Dato’ Tajuddin Atan, CEO of Bursa Malaysia, said, “The emergence of ASEAN as an integrated capital market is already happening. ASEAN Exchanges will continue to support this development and partnership in the spirit of competitive-collaboration. ASEAN Exchanges will continue to provide investors an easy access to the diverse investment opportunities of ASEAN”.
The ASEAN Exchanges CEOs also approved new cooperation, with a focus on the use of digital and social media tools to promote greater awareness and knowledge among investors about ASEAN investment opportunities.
These include the use of Twitter and Twitter based $Tags to consolidate news and conversations around ASEAN investment products. Enhancements to the ASEAN Exchanges website were completed and introduced giving investors a single point view of the six countries.
The seven ASEAN Exchanges have a combined market capitalisation of approximately USD2.4 trillion and more than 3,000 companies listed on their exchanges. These companies include some of the largest and most dynamic companies in the world, encompassing a multitude of sectors such as banking and finance, energy, telecommunications, commodities and manufacturing.