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ASEAN Exchanges

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ASEAN Exchanges is a collaboration of the 7 exchanges from Malaysia, Vietnam (2 exchanges), Indonesia, Philippines, Thailand and Singapore to promote the growth of the ASEAN capital market by bringing more ASEAN investment opportunities to more investors.[1]

Market integration

On April 8, 2011 ASEAN member countries have launched a new joint website promoting the region's blue chip equities to global investors as a commitment to integrating their stock exchanges by 2015.[2]

Partners

Combined market capitalization

At end of March 2011, a combined market capitalization of ASEAN Exchange is about US$1.8 trillion with participation of more than 3,000 companies.[3]

ASEAN Stars

For easiness of ASEAN investment opportunities, ASEAN Exchange has launched ASEAN Stars comprise of 30 most exciting stocks from each exchange ranked in terms of market capitalization and liquidity.[4]

Challenge

According to MSCI Barra Executive Director, the challenge is to make a seamless integrated efficient platform for investors. Trade settlement is very, very important issue that how to settle trade among ASEAN Exchanges countries. Although the integration will make the market will be conspicous with MSCI Emerging Markets Index totally will be 7.4 percent consist of Malaysia with 2.9 percent, Indonesia 2.3 percent, Thailand 1.7 percent and Philipines 0.5 percent.[5]

Progress

By end of 2011, Stock Exchange of Malaysia, Philippines, Singapore and Thailand will set up a trading link among their markets for cross border dealing. Indonesia and Vietnam will join the system at 2013. Other ASEAN members will join later, except Brunei.[6]

References

  1. ^ http://www.aseanexchanges.org/Partners.aspx
  2. ^ http://www.thejakartapost.com/news/2011/04/11/asean-moves-a-step-closer-market-integration.html
  3. ^ http://bizdaily.com.sg/newsite/southeast-asian-exchanges-collaborate-to-promote-region%E2%80%99s-capital-market-growth/
  4. ^ http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=10317:bursa-malaysia-6-bourses-launch-asean-brand-identity&Itemid=3&tmpl=component&print=1
  5. ^ ASEAN exchnge a great concept
  6. ^ http://www.reuters.com/article/2011/02/03/markets-asean-link-idINSGE71101M20110203
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