The stock exchanges of Taiwan and Malaysia have signed a memorandum of understanding to cooperate to explore capital market opportunities.
The Taiwan Stock Exchange (TWSE) and Bursa Malaysia Berhad will conduct a joint study to explore ways to improve cross-border cooperation around exchange-traded funds, indices, market connectivity and market promotion.
Sush-der Lee, chair of the TWSE, said: “We welcome the opportunity to expand our cooperation with Bursa Malaysia. The TWSE has been proactive in building alliances with overseas exchanges in line with the Financial Supervisory Commission’s Financial Import Substitution Program and its efforts to encourage the further internationalisation of the Taiwan capital market.”
The two exchanges first signed a memorandum of understanding in 1999.
Datuk Seri Tajuddin Atan, CEO of Bursa Malaysia, added: “The economic relations between Malaysia and Taiwan have been good, with Taiwan being Malaysia’s 7th largest trading partner in 2015.”
He added: “We look forward to the possibility of having greater cooperation with TWSE, which would unlock the capital market potential and opportunities in both our markets.”
“The joint cross-border study under the second MOU will enable TWSE and Bursa Malaysia to assess and prioritise potential collaborations that would provide greater access to investments and investors in both our markets.”
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