In a move that aligns with a rapidly growing global focus on Asian markets, Moomoo Securities Malaysia Sdn. Bhd. (Moomoo Malaysia) has expanded its platform to offer direct access to the Hong Kong Stock Exchange (HKEX) and China A-Shares (Shanghai and Shenzhen Stock Exchanges).
This expansion provides Malaysian investors with timely opportunities to tap into some of Asia’s most dynamic markets, the stock trading platform said on Wednesday.
Recent data shows a twofold increase in local investments in Chinese assets, underscoring the growing demand for exposure to high-growth industries.
“Malaysian investors are in an excellent position, with a strong domestic market and a rising appetite for diversifying into new regions. With our expansion into HKEX and China A- Shares, we’re empowering them to seize opportunities beyond local borders, particularly in sectors driving Asia’s economic transformation,” said Ivan Mok, CEO of Moomoo Malaysia.
“The landscape is shifting in real-time, and we are ensuring our users have direct access to high-growth markets with the tools to make informed, strategic decisions.”
This expansion allows Malaysian investors to access some of the world’s most vibrant financial markets, at a time when Asia continues to solidify its position as a key driver of global economic growth.
Moomoo Malaysia provides not just access, but also comprehensive tools and resources that help investors capitalise on new growth opportunities across diverse sectors, the company said.
Asia is fast becoming the focal point for global investors, with markets in China and Hong Kong experiencing a resurgence. The Hang Seng Index in Hong Kong has risen by over 20 percent in 2024 (as of Oct 15, 2024), despite recent volatility, boosted in part by Beijing’s stimulus measures aimed at accelerating economic growth in tech, infrastructure, and clean energy sectors.
Meanwhile, the Shanghai stock exchange has posted gains of about 8 percent this year (as of Oct 15, 2024), despite some short-term market fluctuations, largely driven by sectors such as biotechnology, artificial intelligence, and renewable energy, which are rapidly transforming the global economic landscape, according to Moomoo.
Malaysian investors are increasingly aligning with this trend, seeking opportunities to diversify beyond local markets.
Moomoo Malaysia’s expanded access to HKEX and China A-Shares reflects this growing appetite, offering local investors unprecedented access to high-growth industries that are expected to play a pivotal role in the global economy over the next decade, the company added.
Moomoo Malaysia is a Capital Markets Services Licence holder. Moomoo is an independent brand of FUTU Holdings, a Hong Kong based Nasdaq Listed global financial institution.
Moomoo Malaysia enhances global market access with Singapore Exchange (SGX) trading