KUALA LUMPUR, Nov 6 — The government will set up a co-investment fund (CIF) totalling RM50 million from existing grants to be invested in the small and medium enterprises (SMEs) together with the private investors through equity crowdfunding (ECF) and peer-to-peer (P2P) platforms.

Second Finance Minister, Datuk Seri Johari Abdul Ghani, said the Securities Commission (SC) would assist in establishing the fund including deciding on the co-investment criteria for equity and debt financing.

"The platforms (ECF dan P2P) are very important for the SME ecosystem as it provide the opportunities for the SMEs to expand their business," he said to reporters after launching SCxSC Digital Finance Conference 2017 here today. — Bernama