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BDO Capital calls for more inclusive capital markets —BDO Capital

Philippine capital markets must be made more inclusive by offering more products and solutions to attract a wider participation from the investing public, BDO Capital and Investment Corp. said Tuesday.

The point is to enable the masses to invest in stocks and bonds and for the country to be able to compete with neighbors in the region, BDO Capital president Eduardo Francisco said in an emailed statement.

“Our Monetary Board, Securities and Exchange Commission, Philippine Stock Exchange is open to new ways to raise the number of investors and make it more available to the masses,” he said.

“We have seen them liberalize rules but we need to propose new products or solutions,” he added.

The Philippines may look at the platforms and models from abroad and adopt their solutions to minimize documents such as the multiple forms and IDs required investors must present to participate in the market, Francisco noted.

“Foreign players with platforms abroad are welcome to bring it here. Fintech solutions are also welcome and we can work with the regulators to get approvals,” he said.

In a separate statement, the PSE said it recently met with officials of the Shenzhen Stock Exchange (SZSE) to discuss updates and developments, and explore potential partnerships.

The Chinese delegation was led by SZSE chairman Wu Lijun, who visited the country early this month.

“We were greatly inspired at how you were able to transform your exchange to become one of the world’s leading bourses,” PSE president and CEO Ramon Monzon noted.

“Your growth story provides an ideal model for markets like ours as we also define our growth plan in the coming years,” he said. — VDS, GMA News