The Securities Commission Malaysia (SC) has signed a MoU with Credit Guarantee Corporation Malaysia (CGC Group) and CGC Digital.
The MoU aims to enhance access to capital market financing for Malaysian MSMEs as well as mid-tier companies (MTCs).
The three-year partnership aligns with the SC’s 5-Year Roadmap for 2024–2028, which aims to broaden capital market opportunities for MSMEs and MTCs.
The collaboration leverages CGC Group’s expertise in financing guarantees and its established network within the MSME sector to address key financing barriers.
The initiative will focus on expanding the reach of CGC’s imSME platform, which connects MSMEs and MTCs to peer-to-peer financing (P2P) operators.
Plans include onboarding additional P2P operators to widen access to financing solutions.
The MoU also aims to extend credit guarantee support to new capital market instruments, building on CGC’s track record of providing guarantees and financing worth RM98.31 billion since its establishment.
SC Chairman Dato’ Mohammad Faiz Azmi said the partnership is intended to connect businesses with tailored capital market solutions.
“By leveraging CGC Group’s credit guarantees, we can instill greater investor confidence, which in turn improves access to funding for these businesses.”
President and Chief Executive Officer (PCEO) of CGC Group Datuk Mohd Zamree Mohd Ishak said,
“The signing of the Memorandum of Understanding is a very important milestone in advancing capital market access for Malaysian businesses, reflecting CGC Group’s unwavering commitment to promote the growth and development of Malaysian businesses.
By forging alliances with a distinguished and highly reputable institution such as the Securities Commission, this collaboration seeks to unlock transformative growth trajectories while addressing barriers faced by unserved and underserved Malaysian businesses.”
Featured image credit: Edited from Freepik