Affin Hwang Investment Bank is the first bank to be approved by Bursa Malaysia as an Approved Supplier and User under the Islamic Securities Selling and Buying Negotiated Transaction (“ISSBNT”) model, launched by Bursa Malaysia.
Affin Hwang Investment Bank, working with Bursa, has further boosted Malaysia’s position in the Islamic Capital Market industry by providing market participants with a shariah compliant alternative to conventional securities borrowing and lending activities.
Bursa Malaysia Berhad issued a consultation paper to seek public feedback on the proposed review of the Main Market Listing Requirements and Rules and Directives of Bursa Malaysia Securities Berhad in relation to Exchange-Traded Funds (ETFs).
The public consultation period will run from July 9 to July 23.
CIMB-Principal Asset Management Bhd, the first asset management company in Malaysia to have received the Renminbi Qualified Foreign Institutional Investor (RQFII) licence in March 2017, was recently awarded an additional quota of RMB1 billion (approximately USD150 million) by the China State Administration of Foreign Exchange.
The RQFII licence allows investors to gain direct access to the China A-Shares market, otherwise accessible to only China on-shore investors.