CGS-CIMB Malaysia has launched the ASEAN Investment Challenge (AIC) to educate students across Malaysia, Indonesia, Singapore, and Thailand about sustainable investing, fostering strong future capital markets. With over 2,800 registrations, the competition features a National Challenge and aims to enhance financial literacy and responsible investment practices among youth.
2 August 2023 – CGS-CIMB Securities Sdn Bhd (CGS-CIMB Malaysia), a leading integrated financial service provider in Asia, has unveiled the ASEAN Investment Challenge (AIC) under the theme ‘Level Up Your Game’. This initiative is designed to empower students across Malaysia, Indonesia, Singapore, and Thailand (MIST) with comprehensive knowledge in sustainable investing, contributing to the development of resilient capital markets in the future.
Since its inauguration on July 1st, the AIC has garnered a remarkable response, drawing in an impressive 2,800 registrations from students hailing from Institutes of Higher Learning within the MIST markets. Notably, Malaysia has contributed significantly with 1,519 registrations.
The competition unfolds in two distinct phases. The first phase, named the National Challenge, is scheduled to transpire from August 7th to September 30th, 2023. During this period, participants will undergo an immersive experience comprising both classroom and hands-on learning in responsible investing, with a focus on environmental, social, and governance (ESG) related securities. Subsequently, participants will engage in a competition to showcase their investment skills, with the victor set to be announced in November 2023. The winner of the Malaysian challenge is poised to receive a substantial cash prize of RM5,000, along with the prestigious opportunity to represent the nation in the Regional challenge. The Regional challenge offers participants a chance to compete for a substantial total prize of RM130,550.
At the official launch event held on July 22nd, Azizah Mohd Yatim, Chief Executive Officer of CGS-CIMB Malaysia, expressed that the ASEAN Investment Challenge underscores the company’s commitment to nurturing financial literacy among the youth, ultimately steering them towards responsible investment practices.
Furthermore, the launch event featured a dialogue session titled ‘Levelling Up Your Financial To A Better Future’, wherein industry leaders shared valuable insights. Stephanie Tan, Head of Investor Development at Bursa Malaysia, highlighted the positive increase in Bursa Malaysia Central Depository System account openings among youths. Sarimah Ramthandin, Director of Innovation, Advisory & Industry at the Securities Industry Development Corporation (SIDC), emphasized the importance of introducing financial literacy education at a young age to foster responsible money management.
CGS-CIMB Malaysia’s active engagement extends to partnerships with esteemed institutions like UiTM Segamat Johor, UiTM Puncak Alam, Multimedia University (MMU) Melaka, and the forthcoming trading lab at University Malaysia Terengganu (UMT).
The AIC challenge enjoys support from key stakeholders including the Ministry of Higher Education of Malaysia, Bursa Malaysia, Indonesia Stock Exchange, Singapore Exchange, and the Stock Exchange of Thailand. This initiative reflects CGS-CIMB Malaysia’s dedication to equipping participants with practical skills, thereby fortifying Malaysia’s position as an investment destination on the global stage.