Prime Envoy Najib Razak said on Tuesday that Malaysia and Singapore are elaborate on establishing a trading link between the exchanges of both countries.
“A regulatory interpretation will be worked on by the countries’ relevant regulatory authorities, to pave the way for the the government of this trading link,” Najib said in his speech to investors and charge leaders at the World Capital Markets Symposium in Kuala Lumpur.
He replied this “Malaysia-Singapore Connect” will provide investors in both surroundings easier and seamless access to each other’s markets with a connected market capitalization of more than $1.2 trillion and 1,600 free listed companies.
No further details or timeline for this project were instantaneously available.
Najib Razak also announced that margin money management rules would be liberalized and intra-day short selling allowed for all investors in Malaysia’s deal in to make it more attractive.
New investors would also be given a fee get going on trading and clearing fees for six months to encourage trade, Najib utter.