ASEAN exchanges keep integration goal
As the region grows, the ASEAN Exchanges are committed to entrench the ASEAN market as an investment opportunity
Daily TribuneAs the region grows, the ASEAN Exchanges are committed to entrench the ASEAN market as an investment opportunity
Bourses in the ASEAN region, which is becoming a major draw for global fund managers, maintain their ultimate goal of integration within the context of a common market.
"As the region grows, the ASEAN Exchanges are committed to entrench the ASEAN market as an investment opportunity. The CEOs of ASEAN Exchanges extensively discussed how to further promote cross-border products and build on the complementarity of our markets, and enhance ASEAN Exchanges visibility to international investors," according to a statement of the group.
The Stock Exchange of Thailand hosted the 36th ASEAN Exchanges CEOs meeting on 8 September.
Bursa Malaysia, Indonesia Stock Exchange, Philippine Stock Exchange, Singapore Exchange Group, Vietnam Exchange, aside from SET collaborated to develop a set of sustainability metrics that are aligned to international standards and established practices.
ESG bourses' focus
During the event, leaders from the six exchanges in ASEAN discussed initiatives to further enhance environmental, social and governance, or ESG, collaboration within the region, aiming to level up the ASEAN stock markets and foster sustainable investments.
The CEOs recognized the complementarity of ASEAN Exchanges and the potential from market connectivity opportunities through depository receipts cooperation.
The ASEAN Exchanges are working together to explore ways to further enhance products and regional promotion.
SET president Pakorn Peetathawatchai said the six ASEAN Exchanges had been working together to create a framework for collaboration in diverse areas to elevate the ASEAN capital markets, including driving sustainability and sustainable investment, and developing interconnected products to expand investment opportunities.
ESG issues have also gained prominence at the global level and serve as key factors for investors when making investment decisions.
