Talks centered on expanding depository receipts (DRs), a product that has already seen success in Thailand and Singapore, with other ASEAN markets now working on regulatory frameworks to launch their own.
Promising depository receipts
“The initiatives we are pursuing form part of our response to the dynamic changes in the markets and the urgent need to implement sustainable programs and solutions,” said Philippine Stock Exchange (PSE) president and chief executive officer Ramon S. Monzon.
“The early indicators of the depository receipt (DR) program between SET (Stock Exchange of Thailand) and SGC (Singapore Exchange) highlight the potential of cross-border products to enhance market liquidity and investor interest in ASEAN. The steady progress of DR development across ASEAN markets underscores our collective effort to create a more integrated and vibrant regional asset class,” he added.
Sustainability remains key
Sustainability was also a major focus, with the ASEAN Interconnected Sustainability Ecosystem (ASEAN-ISE) pushing for a Centralized Sustainability Data Infrastructure and a Digital Marketplace for Green Solutions.
A recent Request for Information (RFI) drew interest from over 120 industry representatives, underscoring the demand for regional sustainability initiatives.
To attract global investors, the ASEAN Exchanges website is seeing more engagement, and a Hong Kong investor roadshow is planned for late 2025.
