Malaysia on Monday launched a five-year masterplan aimed at growing the capital market to between 5.8 trillion ringgit and 6.3 trillion ringgit ($1.46 trillion and $1.59 trillion) by 2030, an increase of up to 2 trillion ringgit, Securities Commission chairman Mohammad Faiz Azmi said.
The fourth iteration of the plan would focus on raising the long-term valuations and performance of Malaysia‘s listed companies to bring them closer in line with the country’s economic growth, Mohammad Faiz said.
It would also look to increase trading activity, boost access for companies seeking capital, and allow better retail access to capital market products.
“We also want a healthy pipeline of market-ready companies,” Mohamad Faiz said.
Other planned measures include addressing sustainability funding needs, pushing for more exchange-traded funds focusing on the Southeast Asian region, and encouraging foreign listings in Malaysia, he said.
Reuters
