Malaysia welcomed China's good companies to be listed on the Malaysia Stock Exchange, a Malaysian business leader said here on June 29.
China was a close trade partner of Malaysia and it was also very important to Malaysia's capital market, said Megat Majmuddin Megat Khas, president of the Federation of Public listed CompaniesBhd.
The listing of China's good companies on Malaysia's stock market would benefit both China and Malaysia and it would be a win-win deal, he told Xinhua.
Good companies mean companies with good governance and management, Megat Majmuddin said.
Through listing in Malaysia, Chinese companies could obtain funds for development and make more profits, while Malaysia could share some of these benefits, he said.
Describing some of the current listed companies on the Malaysia stock market as less profitable, he said that the Malaysia stock market needed new players to energize the market sentiment.
He also said that Malaysia has significant management talents and international management expertise which could help those Chinese firms listed on the Malaysia stock market improve management.
