TOKYO, June 16, 2014 (GLOBE NEWSWIRE) -- Japan Exchange Group (TSE:JPX) is moving on ASEAN-centric business development set out in the update to 3-year management plan in April 2014. We made our first strategic move on June 3rd in Kuala Lumpur, Malaysia, with an investment seminar for institutional investors.
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With Asian investment in the Japanese stock market coming mainly from Singapore and Hong Kong, JPX is seeking to forge deeper relations especially with institutional investors in fast growing ASEAN economies. ASEAN investors are required to open up its doors to global diversification of investments. In the "Buy Japan Seminar in Kuala Lumpur" co-hosted by Bursa Malaysia, Mr. Richard Koo and other leading industry figures discussed Japan's macroeconomy, investment strategies in Japanese stocks, and Japan's energy policies. Approximately 100 investors and 34 Malaysian institutions participated in the seminar which offered one-on-one meetings and workshops to gain insight into Japanese companies. Explaining the impetus behind this initiative, JPX executive officer Yasuyuki Konuma said, "Brokers have hosted events in US, Europe, Singapore, and Hong Kong. Our aim at JPX is to expand the reach of the Japanese market to other areas. We will continue to create opportunities in Malaysia because we recognize the potential of Malaysian investment in Japan and want to address the need for more IR activities on Japanese corporations."
JPX will also host "Malaysia Long-Stay and Investment Seminar" in Tokyo on July 9th. Other than providing information on Malaysia's long-stay program, a popular option for many Japanese, we will invite Bursa Malaysia to speak to Japanese investors on the macroeconomic situation and equity investing in Malaysia.
In Japan, Malaysian conglomerate YTL Corporation has been listed in Tokyo since 1996 while Malayan Banking Berhad was approved to list bonds on TOKYO PRO-BOND market in May 2014. There are other products such as Malaysian ETF (listed May, 2011) and ASEAN high dividend ETN (listed March 2014). Malaysia is drawing increasing interest in Japan.
In line with our Asian strategy, we are searching for opportunities in the region. Besides supporting the establishment of a stock exchange in Myanmar and looking to deploy a similar model in neighboring countries, we will pursue the listing of Japanese equity products on markets across Asia and aggressively reach out to Asian issuers to promote the merits of the PRO-BOND Market and an infrastructure fund market to serve the needs of the region.
