Tuesday, August 9

JPX expands to Asia, Kuala Lumpur to be first destination


KUALA LUMPUR: The Japan Exchange Group Inc (JPX) is moving on Asean-centric business development set out in its three-year management plan.

In a statement, JPX said Asian investment in the Japanese stock market came mainly from Singapore and Hong Kong thus it was now seeking to forge deeper relations especially with institutional investors in fast growing Asean economies.

As part of it first strategic move in Kuala Lumpur, an investment seminar for institutional investors were held recently in Kuala Lumpur which was participated by 100 investors and 34 Malaysian institutions.

The seminar offered one-on-one meetings and workshops to gain insight into Japanese companies.

“Our aim at JPX is to expand the reach of Japanese markets to other areas “We would also continue to create opportunities in Malaysia as we recognise the potential of Malaysian investment in Japan by addressing the destinationneed for more investment relation activities on Japanese

corporations,” said JPX executive officer Yasuyuki Konuma.

JPX will also host a “Malaysia Long-Stay and Investment Seminar” in Tokyo on July 9 to provide information on Malaysia’s long-stay programme, a popular option for many Japanese.

It said Bursa Malaysia would be invited to speak to Japanese investors on the macroeconomic situation and equity investing in Malaysia adding that Malaysia was drawing increasing interest in Japan. — Bernama