He said the previous CMP1 (2001-2010) and CMP2 (2011-2020) had expanded the capital market while ensuring market stability and integrity over the last two decades. Moving forward, he pointed out another important pillar of the capital market is how the financial ecosystem mobilises capital to early and growth-stage firms. Towards this end, he said Malaysia’s competitive advantage is its dynamic Islamic capital market, which is more advanced compared to the region. “We already have a comprehensive Islamic capital market, CMP3 would future proof it, and adding the ESG values would further enhance our market competitiveness,” he said. “The capital market will play a key supporting role in providing resources to achieve this aim,” he added.
