Capital Market Masterplan (2026-2030)

Capital Market Masterplan (2026 to 2030)

RESHAPE AND RECALIBRATE.

20-year Vision, 5-year Implementation Plan

2045 VISION STATEMENT

In 20 years, the Malaysian capital market will be a key force in achieving national aspirations and driving economic prosperity. We envision a market that is a catalyst for economic transformation, accelerating growth in new sectors while transitioning towards a more advanced, inclusive, sustainable and regionally integrated economy, differentiated by Islamic Capital Market leadership. Amid an ever-changing capital market landscape, we will continue to evolve.

FOREWORD BY THE PRIME MINISTER AND MINISTER OF FINANCE MALAYSIA

YAB Dato’ Seri Anwar Bin Ibrahim

PREFACE BY THE CHAIRMAN OF THE SECURITIES COMMISSION MALAYSIA

Dato' Mohammad Faiz Azmi

Executive Summary

The Capital Market Masterplan 2026-2030 (CMP) sets out a bold, forward-looking blueprint to align Malaysia’s capital market evolution with the nation’s long-term economic aspirations.

Built on a 20-year horizon, the CMP outlines a clear roadmap guided by four interconnected themes of Vibrancy, Inclusivity, Sustainability and Regional Opportunities, with the first five-year plan translating ambition into measurable action.

These ambitions will be reinforced by Malaysia’s global leadership in Islamic finance utilising the principles of Maqasid al-Shariah (objectives of Shariah) as well as regulatory and governance excellence.

Towards achieving the intended strategic outcomes, the CMP seeks to reshape the market on a strong foundation of ethics and recalibrate its direction to be more dynamic and forward-looking, for the benefit of all Malaysians.

Four Strategic Outcome Themes

Vibrant Capital Market
Driving Economic Prosperity

Optimising equity market valuation and value proposition of bonds and sukuk
Accelerating growth of venture capital and private equity
Facilitating development of private credit ecosystem
Regulatory frameworks for alternative assets

Inclusive Capital Market for all Malaysians

Financial literacy and
access to data
Access to innovative
products and services
Building financial
security for retirement
Strengthening
fundraising for MSME
and MTC

Capital Market Supporting National Sustainability Goals

Mobilising capital for
sustainability-related
projects
Building a robust
sustainable finance
ecosystem

Capital Market as Gateway to Regional Opportunities

Funding expansion of
homegrown regional
champions
Positioning Malaysia as the regional fundraising and investment destination
Establishing a niche in
innovative and high-impact products

Islamic Capital Market Leadership Guided by Maqasid al-Shariah as a differentiator

Islamic Capital
Market Thought
Leadership

Competitiveness
of Islamic
Assets

Islamic Social Finance

Anchoring
Governance on
Maqasid al-Shariah
Principles

Regulatory and Governance
Excellence as a Critical Foundation

Facilitating
Regulatory
Frameworks and
Governance

Strengthening Capital Market Ecosystem
Development to Enhance Future Readiness

Data-driven Supervision

Highlights: 2021 - 2025

Malaysia’s capital market has demonstrated sustained resilience to global headwinds and expanded to RM4.3 trillion in 2025 from RM2.8 trillion in 2015. This expansion was underpinned by strong growth in the equity and bond segments, advances in Islamic and sustainable finance, and greater use of technology across the value chain.

Capital Market Masterplan 2026-2030 Approach and Vision

As Malaysia enters a new era of economic transformation, its capital market must evolve to reach new heights to remain competitive and resilient in a fast-changing global landscape.

Overview of Strategic Framework

At its core, the Capital Market Masterplan 2026-2030 (CMP) charts a course to reshape the capital market to become more inclusive and forward-looking, one that channels capital effectively to serve the economy and society while advancing Malaysia’s aspiration for fairness, innovation and shared prosperity.

Concluding Thoughts and Acknowledgements

The CMP reaffirms the strategic direction for Malaysia’s capital market, one that is resilient, inclusive and future-ready. While the plan sets a bold long-term course, it also recognises the importance of remaining agile and responsive as conditions evolve.

Delivering this vision is not the responsibility of any single party. It will require strong, sustained collaboration across government, regulators, industry and the wider stakeholder ecosystem.

The SC is committed to working closely with all parties to ensure collective ownership of outcomes and coordinated delivery. This will be supported by cross-agency teams driving key initiatives, regular engagements with industry participants and structured channels for early feedback during the development of rules and frameworks. Together, these efforts will build stronger alignment, reduce uncertainty and ensure that regulatory measures are practical, effective and responsive to market needs.