“It [will be] the first [time] that Cambodia has acted as chair of the ACMF,” noted the Deputy Director-General. He pointed out that prior to the 2019 edition of the forum that the ACMF chair rotated between Singapore, Malaysia and Thailand, due to the advanced state of their capital markets
“[This] will help Cambodia to strengthen cooperation in capital market development, information sharing, regulations and standards development, and enhance capacity building, cross border transactions and connectivity, among the member countries,” he said.
This years’ forum, held virtually in Hanoi, Vietnam this week, saw ACMF ACMF endorsing key priorities in its five-year action plan for 2021-2025. These priorities are designed to bring the ACMF Vision 2025 of being an inter-connected, inclusive and resilient ASEAN capital market to fruition.
Among those priorities are the pursuit of higher levels of transparency and disclosure; continuing with regulatory harmonisation; intensifying capacity building; amplifying communication and awareness; and strengthening cooperation and coordination.
The ACMF will continue to collaborate closely with the Asean Working Committee on Capital Market Development (WC-CMD) to develop and execute a sustainable finance agenda in capital markets in the region. To further foster development of the region’s sustainable finance ecosystem, the ACMF will be conducting a study on the development of a common green, sustainable, and transitional taxonomy for Asean.