Latest news with #CGSMY
The Star
5 days ago
- Business
- The Star
Bursa Malaysia, Fullgoal HK, CGS MY ink mou to facilitate foreign ETFs listing
KUALA LUMPUR: Bursa Malaysia Bhd , Fullgoal Asset Management (HK) Ltd (Fullgoal HK), and CGS International Securities Malaysia Sdn Bhd (CGS MY) have signed a memorandum of understanding (MoU) to facilitate the listing of foreign-underlying exchange-traded funds (ETFs) on Bursa Malaysia. This will provide Malaysian investors access to a wider range of investment options, while offering exposure to global markets, it said in a joint statement today. The MoU was signed by Bursa Malaysia chief executive officer (CEO) Datuk Fad'l Mohamed, Fullgoal HK CEO Zhang Lixin, and CGS International Securities group CEO Carol Fong at the ASEAN Business Forum 2025, on the sidelines of the 46th ASEAN Summit. "The MOU reflects the joint commitment by Bursa Malaysia, Fullgoal HK, and CGS MY to strengthen collaboration to promote capital market connectivity between China and Malaysia, enrich cross-border product offerings, and enhance the cross-border development capabilities of the asset management industry,' the statement said. Bursa Malaysia will continue to strengthen the local ETF ecosystem through a series of structured and strategic initiatives, including a focus on ecosystem development and stakeholder engagement, and the ETF challenge, which is designed to raise awareness and educate retail investors. "Currently, Bursa Malaysia offers investment opportunities via 17 ETFs managed by six issuers, with a total asset under management (AUM) of approximately RM2.4 billion,' it noted. Fad'l said the collaboration marks a pivotal step in expanding Malaysia's ETF landscape, offering investors greater diversity and access to global opportunities. "Together with Fullgoal HK and CGS International, we are committed to deepening market sophistication and driving sustainable growth in our capital markets. This initiative reinforces our position as an investment gateway, bridging Malaysia with global financial markets,' he said. Fullgoal HK chairman, who is also Fullgoal Fund CEO Chen Ge said the strong maritime ties between China and Malaysia are rooted in a long-standing friendship. "In light of this opportunity, Fullgoal Fund is committed to its 'going global' strategy. By leveraging our research expertise in equity, fixed income, and quant investments, we are enhancing our global asset allocation capabilities and exploring international investment opportunities,' he said. CGS International's Carol Fong said the company is honoured to bring its investment management, research, and distribution capabilities to facilitate the cross-listing of ETFs on Bursa Malaysia, with Fullgoal HK. "In the past two years, we have collaborated with Fullgoal HK on two ETFs in Singapore, which offer local investors unique opportunities to invest in markets and sectors that are hard to access. "We are excited to bring more ETFs to Malaysian investors, fulfilling our aim of making investing more accessible to the masses,' she said. - Bernama
New Straits Times
20-05-2025
- Business
- New Straits Times
CGS International backs Johor-Singapore SEZ with investment pledge
KUALA LUMPUR: CGS International Securities Malaysia Sdn Bhd (CGS MY) has strengthened its commitment to regional investment by signing four strategic Letters of Intent (LOIs) aimed at accelerating the development of the Johor-Singapore Special Economic Zone (JS-SEZ). As one of six financial institutions partnering with the Ministry of Economy, the Johor State government, and the Iskandar Region Development Authority, CGS MY is positioned as a key facilitator in driving economic activity within the JS-SEZ. Chief executive officer Azizah Mohd Yatim said CGS MY is actively engaging with companies to unlock opportunities within the zone, leveraging its regulatory transparency, cross-border connectivity, and attractive incentive framework. "As Asia's global investment house, CGS MY supports businesses in exploring capital access on JS-SEZ incentives, market expansion and strategic partnerships," she said. She added that the LOIs mark a vote of confidence in JS-SEZ appeal as a launchpad for innovation and it represents more than just investment interest. The LOIs were announced at the JS-SEZ Partners Dialogue: Advancing Facilitation on Monday. Positioned as a key regional financial player, CGS MY is aiming to facilitate RM3 billion in foreign direct investment (FDI) within the JS-SEZ over the next three years. In addition, the company is targeting another RM3 billion in assets under management through the development of Single Family Office (SFO) ventures.
