PSE joins regional events for capital market development

THE Philippine Stock Exchange Inc. (PSE) participated in two regional gatherings in November for capital market promotion and development—Association of Southeast Asian Nations (Asean) Exchanges chief executive officers (CEO) Meeting in Yogyakarta, Indonesia and the 2019 International Seminar on Capital Market for Small and Medium Enterprises (SMEs) at the Shenzhen Stock Exchange in China.

The CEOs of Asean Exchanges meet twice a year to discuss activities that will help promote the region as one asset class. In the November meeting hosted by the Indonesia Stock Exchange, programs to make information on Asean capital markets more accessible and to organize a roadshow promoting Asean listed companies were tackled.

One initiative that is close to completion is the revamp of the Asean Exchanges website. The new website contains more data and tools such as stock screener to provide investors more information and means to analyze data across Asean markets. There was also a knowledge-sharing session about green finance during the meeting.

The PSE also took part in the 2019 International Seminar on Capital Market for SMEs, which was attended by over 80 representatives from bourses and regulatory agencies from nations along the “Belt and Road.”

The seminar was aimed at strengthening cooperation among countries to develop capital markets as an efficient funding source for SMEs as well as generating ideas to accelerate the development of SMEs.

“Most of the registered businesses in the country are SMEs and we would like them to be a part of the capital market ecosystem. This seminar will be very useful for us. We gained insights and a preview of the best practices in boosting SME listings,” said PSE president and CEO Ramon Monzon.

“We will continue to engage with our counterparts overseas to explore opportunities that can help us in programs of further developing our local capital market,” Monzon added. (PR)