Page 66 - SC SCAR 2023 ENGLISH Flipbook

PART 3 STRENGTHENING THE SUSTAINABILITY AND COMPETITIVENESS OF THE CAPITAL MARKET
PART 3
STRENGTHENING THE SUSTAINABILITY AND COMPETITIVENESS OF THE CAPITAL MARKET
INTRODUCTION
Efficient capital formation and mobilisation continue to be important drivers in strengthening the sustainability and competitiveness of the Malaysian capital market. Aligned with these objectives, the SC undertook various developmental initiatives spanning both the alternative and traditional markets. These initiatives are specifically geared towards facilitating greater fundraising avenues, especially for MSMEs and mid-tier companies (MTCs) and strengthening the overall investment ecosystem. Key initiatives entailed forming partnerships with other government agencies, introducing innovative financial products and services, integrating new players into the market ecosystem and developing relevant talent pipeline.
In addition, the SC continued to drive the sustainability and corporate governance agenda, broaden and deepen the ICM as well as strengthen the fund management industry. The SC also strives to foster competitive markets and embrace innovation for greater growth. Globally, the SC aims to elevate the international profile of the Malaysian capital market and its regulatory framework.
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FORTIFYING FUNDING AND INVESTMENT ECOSYSTEM FOR CONTINUED GROWTH
Aligned with evolving market needs and digital advancements, the capital market continued to expand its role in financing business ventures, creating jobs, widening ownership of assets and generating returns on long-term savings. In this aspect, the SC has facilitated various measures through provision of innovative capital market solutions and collaborative endeavours with a broad spectrum of stakeholders and pivotal institutions.
Strengthening MSME and MTC Access to Capital Market Financing
SC-SME Corp Collaboration
The SC entered into a MOU with the SME Corp to catalyse MSME access to capital market financing. SME Corp is the central co-ordinating agency under the Ministry of Entrepreneur and Cooperatives Development that co-ordinates the implementation of development programmes for MSMEs across all related ministries and agencies.