Second Finance Minister Datuk Johari Abdul Ghani (right) with , Securities Commission chairman Tan Sri Ranjit Ajit Singh (second left) and the commission’s Islamic capital market executive director Zainal Izlan Zainal Abidin (left) during the launch of Islamic Fund and Wealth Management Blueprint at the International Fund Forum 2017 at Securities Commission Malaysia, Bukit Kiara. Pix by SAIRIEN NAFIS.

KUALA LUMPUR: The Securities Commission expects capital raising figures of up to RM105 billion in 2017, RM5 billion higher than last year's numbers.

Its chairman Tan Sri Ranjit Ajit Singh said this is on the back of the resilience in Malaysia's economy despite the uncertainty and volatility in the global markets.

"The resilience is reflected in Malaysia's capital raising figures for 2016 which showed that close to RM100 billion was raised through the capital market with RM87 billion in corporate bond issuance and initial public offerings.

"The rest was secured through secondary fundraising. A substantial portion of the capital raising figures occurred through the bond and sukuk market," he said at the launch of Malaysia's Islamic fund and Wealth Management Blueprint.

Ranjit said Malaysia will continue efforts to build sound and stable market infrastructure that remains resilient in times of market stress and allows for the continuous functioning of the capital market.

"This has been well demonstrated over the recent few years. There has been no systemic instability and markets have adjusted in an orderly and transparent manner with no implication of risks," he said.

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