Chief executives of stock exchanges in the ASEAN have agreed to actively promote the region’s capital market as an asset class.
During at the 33rd ASEAN Exchanges CEOs Meeting hosted by The Philippine Stock Exchange, Inc. (PSE), the capital market leaders also discussed potential initiatives to advance sustainability.
“We will aim for a more consistent presence on all available platforms so that the ASEAN Exchanges will be a top of mind investment choice among investors,” said PSE President and CEO Ramon S. Monzon on behalf of the ASEAN Exchanges.
He added that, “With sustainability as an important investment consideration, we are working towards a common sustainability program to attract even more investor interest.”
Following its successful partnership and participation in two virtual conferences this year, the ASEAN Exchanges will continue to pursue conference and roadshow opportunities where it can discuss updates on products, regulation, sustainability and other capital market initiatives.
In terms of digital marketing, enhanced content will likewise be continuously displayed on the ASEAN Exchanges website and promoted on social media.
In recent months, broker research reports and monthly performance of indices were among the featured content on the ASEAN Exchanges Twitter account.
Initiatives on the sustainability front will commence with the identification of core Environmental, Social, Governance (ESG) metrics in sustainability reports among the exchanges.
The ESG working group formed after the 32nd ASEAN Exchanges CEOs Meeting is spearheading this activity.
ASEAN Exchanges is a collaboration of seven exchanges from six countries comprising Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.
The collaboration aims to promote the growth of the ASEAN capital market by driving cross-border collaboration, streamlining access to ASEAN, creating ASEAN centric products and implementing targeted promotional initiatives.
The ASEAN Exchanges collaboration CEOs are Datuk Muhamad Umar Swift of Bursa Malaysia, Nguyen Anh Phong of Hanoi Stock Exchange, Le Hai Tra of Hochiminh Stock Exchange, Inarno Djajadi of Indonesia Stock Exchange, Ramon S. Monzon of The Philippine Stock Exchange, Inc., Loh Boon Chye of Singapore Exchange, and Dr. Pakorn Peetathawatchai of The Stock Exchange of Thailand.