SINGAPORE, Aug 22, 2014 - (ACN Newswire) - The ASEAN Exchanges CEOs convened today at the 21st ASEAN Exchanges CEOs meeting to discuss the next collaborative action steps to market and promote ASEAN as one asset class. Since its launch in April 2011, ASEAN Exchanges have delivered on several key milestones such as the ASEAN Trading Link and development of a unique post trade solution which serves to provide greater exposure and access to the diverse range of investable companies across ASEAN.
Speaking on behalf of ASEAN Exchanges, Magnus Bocker, CEO of Singapore Exchange said, "The collaborative action amongst the ASEAN Exchanges has been a vital force in moving things forward to achieve our goals and this is most evident in the significant progress we have made over a relatively short period of time. Since the formalisation of ASEAN Exchanges in April 2011 by officially introducing ASEAN Exchanges website and until now, we have put in place the ASEAN Trading Link to connect our markets and, are able to also now provide streamlined, cost-effective post-trade procedures for cross-border transaction conducted via the ASEAN Trading Link. Each of the Exchange members has embarked on their own in-market engaging activities with the market players to market and create greater visibility of ASEAN products to investors."
In May 2014, three new ASEAN indices with FTSE were introduced bringing more ASEAN tradable opportunities for investors and to enhance liquidity among the Exchanges. Other key initiatives include the ASEAN Stars and the Invest ASEAN retail roadshows to profile the exciting companies listed on the seven exchanges in ASEAN to mainly retail investors.
The ASEAN Exchanges website provides investors up-to-date information about ASEAN markets and a single, integrated view of the ASEAN market. The website - www.aseanexchanges.org - allows investors to gain access to aggregated ASEAN market data and analytics, market performance of the seven ASEAN exchanges individually, broker research reports and FTSE/ASEAN Indices Weekly Report. The website is built around the ASEAN Stars, the 180 ASEAN blue-chip stocks which represent the 30 most exciting companies of each ASEAN country as ranked by investability in terms of market capitalisation and liquidity.
The seven ASEAN Exchanges have a combined market capitalisation of approximately USD 2,900 billion and more than 3,600 companies listed on their exchanges. These companies include some of the largest and most dynamic companies in the world, encompassing various sectors such as banking and finance, energy, telecommunications, commodities and manufacturing.
About ASEAN Exchanges
ASEAN Exchanges is a collaboration of seven exchanges from Indonesia, Malaysia, the 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 goal of the collaboration is to bring more ASEAN investment opportunities to more people as well as enhance liquidity amongst members of the collaboration.
ASEAN Exchanges' CEOs comprise Dato' Tajuddin Atan of Bursa Malaysia Berhad, Dr. Tran Dac Sinh of Hochiminh Stock Exchange, Mr. Tran Van Dzung of Hanoi Stock Exchange, Mr. Ito Warsito of Indonesia Stock Exchange, Mr. Hans B. Sicat of The Philippine Stock Exchange, Mr. Magnus Bocker of Singapore Exchange, and Mr. Charamporn Jotikasthira of the Stock Exchange of Thailand. For more information, please visit www.aseanexchanges.org.
Source: ASEAN Exchanges
Contact:
Bursa Malaysia Berhad Looi Sze Yan Strategic Communications Tel.: +603-2034 7447 Mobile: +6012-2509 106 E-mail: sylooi@bursamalaysia.com Hochiminh Stock Exchange Nguyen Thi Viet Ha Vice President, Research & Development Department Tel: +84 8 3821 7712 - 2101 Fax: +84 8 3821 7452 Mobil: +84 902 568 188 E-mail: vietha@hsx.vn Hanoi Stock Exchange Nguyen Hoang Linh Chief Administration Officer Tel: +84 4 3941 2626 ext. 808 Fax: +84 8 3934 7818 Mobile: +84 9040 00989 E-mail: linh@hnx.vn Indonesia Stock Exchange Poltak Hotradero Research and Development Division Head Tel: +6221 515 0515 ext. 4100 Fax: +6221 515 0118 E-mail: poltak.hotradero@idx.co.id The Philippine Stock Exchange, Inc. John Benette B. Mamangun Investor Relations Officer Head, Corporate Planning and Investor Relations Division Tel: 632 6887524 E-mail: jbmamangun@pse.com.ph Singapore Exchange Carolyn Lim Marketing & Communications Tel.: +65 6236 8139 E-mail: Carolyn.lim@sgx.com The Stock Exchange of Thailand Kanokwan Khemmalai Head, Corporate Communications Dept. Tel.: +662-229-2048 E-mail: publicrelationsunit@set.or.th
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