ID :
148514
Tue, 11/02/2010 - 20:11
Auther :

MALAYSIA'S CAPITAL MARKET STAKEHOLDERS MEET CHINA'S TOP FUND MANAGERS



KUALA LUMPUR, Nov 2 (Bernama) -- Invest Malaysia Beijing 2010 saw China's top
fund managers meeting with some of Malaysia's largest public-listed companies,
key regulators and policy makers to gain first-hand knowledge of Malaysia’s
investment opportunities.

The roadshow held on Nov 1 and 2, 2010, was led by Bursa Malaysia in partnership
with Malayan Banking Bhd (Maybank), the stock market operator said in a
statement released here Tuesday. Maybank is Malaysia's major financial services
provider.

Maybank's chief executive officer Abdul Wahid Omar, who is also a director of
Bursa Malaysia, said the Malaysian capital market was experiencing growing
confidence and vibrancy, underscored by an increasing number of Malaysian
multinationals and the country's rising status in the global markets.

"We expect this vibrancy to continue, fuelled by mergers and acquisitions, and
initial public offerings like last week's Marine & Heavy Engineering Holdings
IPO and the upcoming Petronas Chemical Group IPO, two of Asean's largest to
date," he said.

Malaysia's recently announced Economic Transformation Programme (ETP), the
catalyst for the country's next phase of growth, is also expected to generate
robust investment opportunities through 131 nation-building projects in 12 key
economic sectors, Abdul Wahid said.

To ensure a vibrant capital market, he said Malaysia had taken affirmative steps
via strategic capital market reforms and liberalisation policies.

Following these reforms, Malaysia has gained the confidence of the Chinese
government and is the first emerging market to be recognised as an approved
investment destination under the Qualified Domestic Institutional Investor
programme administered by China Banking Regulatory Commission and China
Securities Regulatory Commission.
-- BERNAMA


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