Global thought leaders have all congregated at the World Capital Markets Symposium 2013 (WCMS), organised by the Securities Commission Malaysia (SC) in conjunction with its 20th anniversary.
In the opening session, Prime Minister Datuk Seri Najib Tun Razak delivered his keynote address to more than 700 local and international senior policy makers and representatives, academia, as well as media.
In his speech, Najib made reference to the rise of capital markets as enablers of growth for Malaysia.
He said over the last 20 years the rise of a vibrant capital market in Malaysia has followed a familiar pattern.
"The broadening and deepening of the capital market had enabled savings to be more efficiently mobilised and utilised for capital formation."
He adds the market is also inclusive which enabled socially beneficial innovations that open up economic participation to a wider range of stakeholders.
This is especially true with the Malaysia being the world's largest Islamic capital market.
As a result Malaysian capital market today is valued at US$816 billion which is two and a half times the country's GDP.
Malaysian bond market meanwhile, worth US$314 billion, is Asia's third largest relative to GDP.
"We have today the largest unit trust industry in ASEAN, with a combined net asset value of US$102 billion; our sukuk accounts for almost 70% of the global total".
In the opening session, Prime Minister Datuk Seri Najib Tun Razak delivered his keynote address to more than 700 local and international senior policy makers and representatives, academia, as well as media.
In his speech, Najib made reference to the rise of capital markets as enablers of growth for Malaysia.
He said over the last 20 years the rise of a vibrant capital market in Malaysia has followed a familiar pattern.
"The broadening and deepening of the capital market had enabled savings to be more efficiently mobilised and utilised for capital formation."
He adds the market is also inclusive which enabled socially beneficial innovations that open up economic participation to a wider range of stakeholders.
This is especially true with the Malaysia being the world's largest Islamic capital market.
As a result Malaysian capital market today is valued at US$816 billion which is two and a half times the country's GDP.
Malaysian bond market meanwhile, worth US$314 billion, is Asia's third largest relative to GDP.
"We have today the largest unit trust industry in ASEAN, with a combined net asset value of US$102 billion; our sukuk accounts for almost 70% of the global total".
