The Securities Commission Malaysia (SC) recently signed a Memorandum of  Understanding (MoU) with Credit Guarantee Corporation Malaysia Berhad (CGC Group)  and CGC Digital Sdn. Bhd. to enhance access for Malaysian micro, small and medium  enterprises (MSME) and mid-tier companies (MTC) to capital market financing solutions.  

The three-year MoU aligns with the SC’s 5-Year Roadmap to catalyse MSME and MTC  access to the capital market (2024-2028). By collaborating with CGC Group, this initiative  leverages CGC Group’s expertise in financing guarantees and its established network in  the MSME sector.  

Key focuses of the collaboration include: 

1. Enhancing MSME and MTC access to capital market financing solutions via CGC’s  imSME platform. The platform matches MSMEs and MTCs with Peer-to-Peer  Financing (P2P) operators. The MoU aims to further expand this access by onboarding more P2P operators. Currently the platform offers products from six P2P operators. 
2. Supporting MSME and MTCs’ de-risking of investments by providing credit  guarantees, and extending credit guarantees to additional capital market solutions. Since its inception in 1972, CGC has provided guarantee and financing worth over  RM98.31 billion, benefiting over 538,000 MSMEs. 

The SC Chairman Dato’ Mohammad Faiz Azmi emphasised that the collaboration aims to  connect MSMEs and MTCs with capital market solutions designed to meet their financing  needs. “By leveraging CGC Group’s credit guarantees, we can instill greater investor  confidence, which in turn improves access to funding for these businesses,” he said. 

President and Chief Executive Officer (PCEO) of CGC Group Datuk Mohd Zamree Mohd  Ishak said, “The signing of the Memorandum of Understanding is a very important  milestone in advancing capital market access for Malaysian businesses, reflecting CGC  Group’s unwavering commitment to promote the growth and development of Malaysian  businesses. By forging alliances with a distinguished and highly reputable institution such  as the Securities Commission, this collaboration seeks to unlock transformative growth trajectories while addressing barriers faced by unserved and underserved Malaysian  businesses.” 

CEO of CGC Digital Yushida Husin, stated, “This collaboration represents a pivotal step in  enhancing imSME as Malaysia's leading referral platform, transforming the digital funding  ecosystem and driving greater accessibility for businesses nationwide.” 

The MoU was signed by SC Chairman Dato’ Mohammad Faiz Azmi, PCEO of CGC Group Datuk Mohd Zamree Mohd Ishak, and CEO of CGC Digital Sdn. Bhd. Yushida Husin. 

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