Page 107 - SC SCAR 2023 ENGLISH Flipbook
P. 107

The SC holds steadfast to the principle that an open and engaging regulator is essential to the development of effective and efficient capital market policies. As such, the SC continued to cultivate a facilitative and inclusive financing ecosystem for all, in line with efforts to foster a more developed Malaysian capital market.
Mobilising Capital for Private Markets
Facilitating the growth of private markets is essential to the SC’s aim of promoting financial inclusion and increasing the breadth and depth of the domestic capital market. The SC has engaged extensively with private and public stakeholders alike to develop the alternative financing space in Malaysia as a key complement to public markets.
The SC, in collaboration with its affiliate CMM and MDEC, organised a series of corporate venture capital (CVC) programmes, the first of its kind in Malaysia, throughout the year. The objective of this series is to advance the domestic VC and PE ecosystem by connecting the different CVC ecosystem players, raising awareness of promising investment opportunities in CVC, and stimulating corporate investments among larger PLCs. These programmes were attended by corporate representatives, Bursa Malaysia, and relevant government agencies.
Additionally, together with BNM, the SC held a roundtable session on 3 February 2023 to better understand issues faced by VC and PE players with
regards to the Malaysian Foreign Exchange Policy (FEP) and to discuss possible solutions. The event was attended by representatives from Malaysian startups, VC and PE firms, as well as ecosystem enablers including MDEC, Khazanah Nasional, Penjana Kapital, and Ernst & Young.
The SC also worked closely with state government officials on their shared objective of expanding the alternative financing space. On 12 June 2023, the SC, together with the Penang State Government and InvestPenang, organised the Capital Market Push for Penang Ecosystem. The one-day event was aimed at raising awareness on the various fundraising avenues available in the capital market for SMEs as well as introducing venture investments to Penang’s network of high-net-worth individuals (HNWIs), family offices and corporates. Supported by Penjana Kapital, Bursa Malaysia, and Digital Penang, the event was attended by 164 individuals representing various groups from Penang’s business community, namely SMEs, corporates, associations, MTCs, family offices and HNWEs – as well as various state and local government officials.
Additionally, on 17 July 2023, the SC collaborated with Penjana Kapital, Permodalan Negeri Selangor Bhd (PNSB), and the Selangor Information Technology & Digital Economy Corporation (SIDEC) to organise the signing of an MOU to establish the Dana Penjana Selangor (DPS) between Penjana Kapital, PNSB and SIDEC. The SC’s support for the MOU is a testament to its keen interest in public-private collaboration in the VC and PE ecosystem. The MOU signing ceremony held at the SC was attended by the then Deputy Finance Minister II, YB Steven Sim Chee Keong and 80 representatives from various agencies, startups, VC and PE firms.

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