KUALA LUMPUR, Dec 18 (Bernama) -- Asia Pacific Investment Bank (APIB) has officially signed a Strategic Co-operation Framework Agreement with Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX) recently.
 
Asia Pacific Investment Bank is an offshore investment bank established by China Zijin Investment Group Co., Ltd. and was approved by Malaysia's Labuan Financial Services Authority (Labuan FSA). MOX is founded by Namkwong (Group) Co., Ltd, the only Macao-based and state-owned enterprise directly under the State Council’s SASAC, which is audited by Macao Monetary Authority. MOX is the first financial institution in Macao to provide services such as bond issuance, listing, registration, custody, trading and settlement. MOX has to date issued bond products such as listed government bonds, corporate bonds, climate bonds, anti-COVID-19 bonds and has achieved a breakthrough of over MOP 100 billion.
 
APIB CEO Chris Wang said that the collaboration between APIB and MOX will be mutually beneficial and will set forth with bond issuance as the starting point. This collaboration will contribute to the setting-up of the cross-border financial trading platform for public and private bond issuance in Macao and Malaysia. This will broaden the direct and indirect financing channels for all parties.
 
Besides the issuance of bonds, additional focus will be placed on innovating Islamic finance and digital finance. In the past few decades, the rise of Islamic finance has actively impacted the global financial system and capital investment flow and has gradually become the new favourite of many emerging markets in Asia. For example, the Hong Kong Special Administrative Region has set up Islamic financial platform in 2007 and has positioned the market for Islamic green bonds as its key project to be developed in the future. This will seize the opportunities to attract financial institutions or funds to issue Islamic green bonds in their local markets.
  
“As an important free trade zone, the potential for the development of international finance in Macao is huge, as Macao has the Greater Bay Area as a strong support base for both the supply chain and service chain. While Malaysia being the centre of global Islamic finance has countless experiences on the issuance of Islamic bonds. As such, we are confident in the potential of the development of Islamic green bonds market and are looking forward to it.” said Chris Wang.
 
At the same time, MOX is committed to innovation in International Financial Markets since its establishment. This will complement APIB which has obtained the Digital Banking Finance Licence (Investment Bank) issued by Labuan FSA. Both parties will work together to build innovative financial products, which will be a combination of the characteristics from both traditional and digital financing.  The digital financial market in Malaysia and Macao will be able to meet the diversified demand of both regional and global investors. 

SOURCE: Asia Pacific Investment Bank (APIB)

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