SC chairman Datuk Seri Awang Adek Hussin said the programme, which fosters cooperation and collaboration between capital market institutions and universities, will help produce graduates who are more readily absorbed into the capital market.
"There are many graduates looking for jobs, while at the same time there is a severe shortage of skilled workers in the market. It is as though there is a 'supply and demand mismatch'. Awang Adek said that as a former economics university lecturer, who is now holding the post of chairman at Universiti Sains Malaysia, he is well aware that knowledge about the capital market is very limited among students and lecturers.
Awang Adek said the CMGP will be provided for a period of three years with an allocation of RM30 million from the Capital Market Development Fund , a fund managed by the capital market industry itself.