SC and SME Corp to Boost MSMEs’ Access to Capital Market Financing
by Fintech News Malaysia September 26, 2023The Securities Commission Malaysia (SC) and SME Corporation Malaysia will collaborate to ease micro, small and medium enterprises’ (MSMEs) access to capital market financing.
The three-year MoU signed by both parties aims to build a strong pipeline of capital market-ready MSMEs. This includes enhancing their sustainability and corporate governance awareness and readiness.
They will also work on several joint developmental initiatives to strengthen market insights and data analytics on MSME access to the capital market and to expand the capital market funding pool for MSMEs.
The SC and SME Corp. Malaysia aim to create about 200 capital market-ready MSMEs by 2026 and to strengthen the familiarity of 300 MSMEs with sustainability disclosures and corporate governance best practices.
Dato’ Seri Dr. Awang Adek Hussin
SC’s Chairman Dato’ Seri Dr. Awang Adek Hussin said,
“This MoU aligns with our vision to foster a vibrant and resilient capital market that serves not only large corporations, but also the smaller enterprises.
Through this partnership, we can leverage our expertise and resources to help MSMEs address challenges, by giving them better access to financing and by building their resilience through better understanding and incorporating corporate governance and sustainability practices into their businesses,”
Rizal Nainy
Rizal Nainy, SME Corp. Malaysia’s Chief Executive Officer said,
“Both SME Corp. Malaysia and the SC are committed to ensure that the capital market is competitive and vibrant, while remaining accessible to MSMEs in Malaysia. Hence, this collaboration paves the way towards capital market vibrancy and competitiveness.
As the Central Coordinating Agency for MSME development, SME Corp. Malaysia is also committed in playing a key role in spearheading the sustainability agenda for MSMEs.”
