Kuala Lumpur, 16 October 2024 – 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. 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.
Riding the Wave of Asia’s Economic Growth
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% in 2024 (as of 15 October 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% this year (as of 15 October 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.
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.
Unlocking Asia’s $4.3 Trillion Climate Opportunity
Asia is not only a key player in technology and finance, but also in the global response to climate change. The region is set to unlock 43%, or $4.3 trillion, of the estimated $10.1 trillion revenue opportunity by 2030 from climate-related initiatives. These include the expansion of renewable energy, improving energy efficiency in buildings, and transforming transportation and agriculture. As Asia pushes forward with these initiatives, China’s leadership in sustainability is emerging as a major driver of economic transformation.
For Malaysian investors, this presents an enormous opportunity. As the world’s second-largest economy, China is rapidly advancing in areas like AI, clean energy, and electric vehicles (EVs), positioning itself as a leader in both technological innovation and climate action. Malaysian investors, who have already doubled their investments in Chinese assets in recent weeks, are poised to benefit from this growth.
Key Sectors Driving Asia’s Transformation
Asian markets, particularly in China and Hong Kong, are witnessing rapid advancements across several key sectors. The technology sector in China continues to grow, with companies like Tencent and Baidu leading the charge in AI development, cloud computing, and digital transformation. Meanwhile, China’s ambitious goal to achieve carbon neutrality by 2060 is accelerating growth in the clean energy and EV sectors. Companies like BYD and Nio are rapidly becoming global leaders in sustainable transportation and energy storage, attracting substantial global interest.
In addition to technology and energy, Asia’s financial technology (fintech) sector is projected to reach $1.5 trillion in annual revenue by 2030, accounting for nearly 25% of all global banking valuations. With Asia-Pacific expected to capture 42% of incremental revenues, driven largely by China, India, and Southeast Asia, fintech innovation is rapidly expanding financial inclusion and digital financial services across the region.
“Asia’s unique positioning at the intersection of technological innovation and sustainable transformation gives it a pivotal role in shaping the global economy of the future,” said Ivan Mok, CEO of Moomoo Malaysia. “With direct access to these high-growth markets, Malaysian investors are now better equipped to diversify their portfolios and capture the immense potential in sectors that will define the coming decade.”
Since its launch in February 2024, Moomoo Malaysia has rapidly gained traction, becoming the leading digital investment platform in the country. With over 100,000 clients onboarded in just six weeks, and recognition as the ‘Best Up-and-Coming Digital Investment Platform’ at the 2024 PC.com Readers’ Choice Awards, Moomoo Malaysia is not only reshaping how Malaysians invest—it’s setting new standards for digital investment platforms across the region.
With its cutting-edge technology, user-friendly interface, and now expanded market access, Moomoo Malaysia is not only reshaping the way Malaysians invest but also providing them with comprehensive tools, education and resources to seize global opportunities through smart, simplified and informed investing.
For more information on access to HKEX and A-Shares on moomoo, please visit https://start.moomoo.com/01s3od.
About Moomoo Malaysia
Moomoo Securities Malaysia Sdn. Bhd. (“Moomoo Malaysia”) is a Capital Markets Services Licence (Licence No. eCMSL/A0397/2024) holder. Moomoo MY is a cutting-edge digital investment platform designed to empower investors of all levels with professional-grade tools, in-depth market data, and expert insights. As a subsidiary of a Nasdaq-listed company and global partner of the NYSE and Nasdaq, Moomoo MY brings world-class financial technology to Malaysia.
As the largest retail securities firm with the largest number of clients in Hong Kong and Singapore, moomoo has swiftly become Malaysia’s No. 1 most downloaded financial app. The platform’s blend of innovative features and ease-of-use has earned it numerous international accolades from Benzinga, Fintech Breakthrough and more, including ‘Best Trading Technology’, ‘Best Investment Research Tech’, ‘Best Trading Platform’ awards, and “Best Retail Broker” in Singapore, recognised by the Securities Investors Association (Singapore).
Dedicated to transforming the local investment scene, Moomoo Malaysia makes innovative trading tools and educational resources accessible to all investors, setting new standards in financial technology and reinforcing its position as the leading digital investment platform in the region.
Find out more at www.moomoo.com/my.