Latest news with #Fad'lMohamed
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
The Sun
5 days ago
- Business
- The Sun
Bursa, Fullgoal HK and CGS International in pact to facilitate ETF listings on M'sian market
PETALING JAYA: Bursa Malaysia Bhd, Fullgoal Asset Management (HK) Ltd and CGS International Securities Malaysia Sdn Bhd today signed a memorandum of understanding (MoU) to promote international financial integration and enhance the vibrancy of Malaysia's capital market. The tripartite collaboration aims to facilitate the listing of foreign underlying exchange-traded funds on Bursa Malaysia, providing Malaysian investors access to a broader range of investment options while offering exposure to global markets. The MoU was signed by Bursa Malaysia CEO Datuk Fad'l Mohamed, Fullgoal Fund CEO and chairman of Fullgoal HK Lixin Zhang, and CGS International deputy CEO Khairi Shahrin Arief Baki at the Asean Business Forum 2025 in Kuala Lumpur. The signing was witnessed by Malaysian Investment Development Authority (Mida) CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid on behalf of Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. Other dignitaries present at the signing included China Galaxy Securities chairman Wang Sheng, Securities Commission Malaysia executive chairman Datuk Mohammad Faiz Azmi and Asean-Business Advisory Council Malaysia chair Tan Sri Nazir Razak. Bursa Malaysia said it continues to strengthen the local ETF ecosystem through a series of structured and strategic initiatives. These initiatives include those focused on ecosystem development and stakeholder engagement, as well as the ETF Challenge, which aims to raise awareness and educate retail investors. 'This collaboration marks a pivotal step in expanding Malaysia's ETF landscape, offering our 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 Bursa Malaysia's position as an investment gateway, bridging Malaysia with global financial markets,' Fad'l Mohamed said. Currently, Bursa Malaysia offers investment opportunities via 17 ETFs managed by six issuers, with total assets under management of about RM2.4 billion. Fullgoal Fund and Fullgoal HK emphasised the strong maritime ties between China and Malaysia, rooted in a long-standing friendship. With the collaborative efforts of both governments to advance the Belt and Road Initiative, financial and economic cooperation has significantly deepened, they noted. CGS International group CEO Carol Fong said the company looks forward to bringing its investment management, research, and distribution capabilities to the partnership, facilitating 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 the 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 added. The MoU reflects the joint commitment by Bursa Malaysia, Fullgoal HK and CGS International 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 Sun
26-05-2025
- Business
- The Sun
Bursa Malaysia collaborate with BoardRoom to push wider adoption of CSI Solution
PETALING JAYA: Bursa Malaysia Bhd in collaborating with BoardRoom Group, a provider of corporate and advisory services in the Asia-Pacific region, to encourage wider adoption of the Centralised Sustainability Intelligence (CSI) Solution among Malaysian public listed companies (PLC), with the goal of enhancing the quality of sustainability disclosures across the corporate sector. The CSI Solution was developed by Bursa Malaysia in support of Malaysia's transition to a low-carbon economy. It enables companies, listed and non-listed, streamline sustainability reporting. Following its designation in March as the exchange's official sustainability reporting channel, the CSI Solution's disclosure module now supports the International Sustainability Standards Board IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures under the National Sustainability Reporting Framework. Bursa Malaysia CEO Datuk Fad'l Mohamed said: 'Bursa Malaysia is committed to supporting Malaysian companies in their decarbonisation journey and lowering their climate impact. This commitment is reflected in our decision to make CSI reporting tools, aligned with IFRS S1 and S2, accessible at no charge to all public listed companies.' He added that their collaboration with BoardRoom will extend the CSI Solution's reach. 'Leveraging BoardRoom's established presence and sustainability advisory expertise in the corporate advisory space, we hope to support more companies in navigating evolving disclosure requirements and enhancing the quality of their sustainability reporting with greater confidence,' said Fad'l. BoardRoom Group CEO Angeline Aw said, 'We are proud to partner with Bursa Malaysia, to scale the CSI Solution across the corporate sector. This collaboration builds on our strong and long-standing relationship with the exchange, underpinned by our shared commitment to strengthening corporate governance and regulatory readiness. With our deep experience in serving public listed companies and expertise in Sustainability Reporting and Advisory, BoardRoom is well-positioned to support clients in adopting the CSI Solution and producing impactful sustainability reports.' Since its launch in June 2024, around 180 PLC have onboarded onto the CSI Platform. All companies, not just PLC but also mid-tier companies and small-medium enterprises are encouraged to adopt the CSI Solution to strengthen their sustainability journey. By leveraging its comprehensive suite of services, including an emissions calculator, a supplier management module, and a range of complementary value-added services delivered through a network of ecosystem partners, businesses can enhance their environmental performance and drive long-term value.
New Straits Times
26-05-2025
- Business
- New Straits Times
Bursa, BoardRoom to boost ESG reporting
KUALA LUMPUR: Bursa Malaysia has partnered with corporate and advisory services provider BoardRoom Group to scale adoption of the Centralised Sustainability Intelligence (CSI) solution. The collaboration aims to drive wider uptake of the CSI solution among Malaysian public listed companies (PLCs), ultimately enhancing the quality and consistency of sustainability disclosures across the corporate sector. According to Bursa Malaysia, the CSI Solution was developed to support Malaysia's transition to a low-carbon economy. It enables companies — listed and non-listed — to streamline sustainability reporting. Following its designation in March 2025 as the exchange's official sustainability reporting channel, the CSI Solution's disclosure module now supports the International Sustainability Standards Board (ISSB) IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures under the National Sustainability Reporting Framework (NSRF). Commenting on the collaboration, Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said the exchange is committed to supporting Malaysian companies in their decarbonisation journey and lowering their climate impact. He added that this commitment is reflected in the exchange's decision to make CSI reporting tools, aligned with IFRS S1 and S2, accessible at no charge to all publicly listed companies. "Our collaboration with BoardRoom will extend the CSI Solution's reach. "Leveraging Boardroom's established presence and sustainability advisory expertise in the corporate advisory space, we hope to support more companies in navigating evolving disclosure requirements and enhancing the quality of their sustainability reporting with greater confidence," he said in a statement. Meanwhile, BoardRoom Group chief executive officer Angeline Aw said the company is proud to partner with Bursa Malaysia to scale the CSI Solution across the corporate sector. She noted that this collaboration builds on the company's strong and long-standing relationship with the exchange, underpinned by its shared commitment to strengthening corporate governance and regulatory readiness. "With our deep experience in serving public listed companies and expertise in sustainability reporting and advisory, BoardRoom is well-positioned to support clients in adopting the CSI Solution and producing impactful sustainability reports," she said. Since its launch in June 2024, around 180 PLCs have onboarded onto the CSI Platform. All companies, not just PLCs but also mid-tier companies (MTCs) and small-medium enterprises (SMEs), are encouraged to adopt the CSI Solution to strengthen their sustainability journey. By leveraging its comprehensive suite of services, including an emissions calculator, a supplier management module, and a range of complementary value-added services delivered through a network of ecosystem partners, businesses can enhance their environmental performance and drive long-term value.
Straits Times
23-05-2025
- Business
- Straits Times
Malaysia's retail investors to get shares as rewards in bid to boost interest in its stock exchange
A new securities transfer scheme allows brokerage firms to reward retail investors with shares of companies listed on Bursa Malaysia through marketing campaigns. PHOTO: BT FILE Malaysia's retail investors to get shares as rewards in bid to boost interest in its stock exchange SINGAPORE – Malaysia is taking steps to broaden its retail investor market with a new scheme that rewards shareholders with eligible shares of the country's listed firms . Launched on May 22, Shares2U is a securities transfer scheme that allows brokerage firms to reward retail investors with shares of companies listed on Bursa Malaysia through marketing campaigns. These shares can be awarded when investors perform specific actions, such as opening a Central Depository System (CDS) account, depositing funds or executing trades. The CDS functions like Singapore's Central Depository accounts. Any securities that an investor buys or sells will be credited to or debited from his CDS account. Most shares listed on the bourse can be awarded to investors, except those from companies classified under PN17 or GN3 – categories for financially distressed firms at risk of delisting. PN17 applies to firms on Bursa's main market , while GN3 covers those on the Ace Market. Exchange-traded funds (ETFs) can also be awarded, except for leveraged ETFs, inverse ETFs and non-ringgit-denominated ETFs. Seven firms – AmInvestment Bank, CGS International Securities Malaysia, Hong Leong Investment Bank, Kenanga Investment Bank, Malacca Securities, Maybank Investment Bank and Moomoo Securities Malaysia – will roll out the Shares2U scheme in their upcoming marketing campaigns. Bursa Malaysia chief executive Fad'l Mohamed said Shares2U is an example of how Malaysia's capital market is responding to evolving investor behaviours and preferences. 'Today's investors, particularly younger, digitally native generations, expect more than just access – they want value, personalisation and engaging experiences,' he said. 'Shares2U empowers participating organisations to meet these expectations while fostering broader retail participation.' The rollout comes on the back of a strong year for the Malaysian bourse. A Deloitte report published in February showed that Malaysia saw 55 initial public offerings in 2024, which raised US$1.7 billion (S$2.19 billion). This represented a 100 per cent increase from 2023. Bursa Malaysia also had South-east Asia's top listing in 2024 – consumer company 99 Speed Mart Retail Holdings. Its IPO raised US$574 million. Join ST's Telegram channel and get the latest breaking news delivered to you.
