Illuatrative image. (Photo: VNA)Kuala Lumpur (VNA) - The ASEAN CapitalMarkets Forum (ACMF) on November 8 held its first ASEAN Capital MarketConference in Kuala Lumpur, Malaysia.
Themed “Strengthening ASEAN Capital Market Connectivity”,the conference saw the attendance of over 300 participants from the region, representing issuers,investors, intermediaries, regulators and experts from institutions like theAsian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), theInternational Capital Markets Association and the World Bank (WB).
The panel sessions at the conference discussed topics, including infrastructure andgreen financing, corporate governance and changing market dynamics in the ageof digitisation.
The launch of the ASEAN Green Bond Standards (AGBS) washeld in conjunction with the conference. The AGBS were developed based onICMA’s Green Bond Principles tailored to meet the needs and commitment ofASEAN. The AGBS label is to be used only for issuers and projects in the regionand specifically excludes fossil fuel-related projects.
Addressing the event, Chair of ACMF Ranjit Ajit Singh said that ASEAN must grow in a responsible and sustainable manner. Growthcannot come at the expense of our future generations. It is necessary tosupport efforts to protect the environment and the ASEAN Green Bond Standardswill help in the allocation of resources towards climate friendly investments.
Martin Scheck, Chief Executive of ICMA, welcomed thealignment of AGBS with Green Bond Principles. He also congratulated ACMF’sremarkable initiative to introduce the ASEAN Green Bond Standards, which will promotethe development of ASEAN Green Bonds and their compatibility with theinternational market.
The ACMF remains committed to increasing ASEANconnectivity and facilitating the development of market solutions by engagingand collaborating with industry and stakeholders through dialogue. It will alsoincrease its interactions with the Industry Consultative Panels that itestablished to gather industry input for its proposals.
The ACMF is ahigh-level grouping of capital market regulators from all 10 ASEAN, including Vietnam.-VNA
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