These pieces of legislation are central to capital market reform and IHAP’s support can strengthen our stand against the grueling legislative mill. In addition, a larger pool of institutional investors like insurance companies, mutual funds, UITFs and pension funds can also provide the required boost to the market.
Our capital market also needs strong issuers to expand the variety and supply of instruments for investors. Using government papers as basis for pricing other long-term issues, I am encouraging private corporations whose leaders are present in the audience today, to issue quality papers and advance our advocacy on capital market development.