Bursa Malaysia Berhad in collaboration with China International Capital Corporation Limited and Malayan Banking Berhad concluded the Invest Malaysia 2024 – China premised on enhancing investment and trade flows between Malaysia and China.
The aim is to promote Malaysia as a compelling economic and investment destination to China-based institutional investors and fund managers. The conference was also in commemoration of the 50 years anniversary of diplomatic relations between the two nations.
Prof. Dr. Ong Kian Ming, current Board Member of the Malaysian Investment Development Authority and former Deputy Minister of Malaysia International Trade and Industry (MITI). Prof. Dr. Ong delved into Malaysia’s strategic economic blueprints, in particular the New Industrial Master Plan 2030 (NIMP2030), which targets to restructure Malaysia as a high-growth, high-value investment destination within Southeast Asia. His presentation highlighted Malaysia’s diverse economy, growth-driven policies, and the unique challenges and opportunities that lie ahead.
Invest Malaysia 2024 – China was attended by 300 delegates, including foreign fixed income, equity and private equity investors, with a combined Asset Under Management (AUM) of over RM22.93 trillion (approximately USD4.8 trillion).
Stephen Ng, Head of Southeast Asia and South Asia, and CEO of CICC Singapore, emphasised the critical role of China in Malaysia’s economic transformation journey. He stated, “As one of the driving forces in technology and green energy, China’s expertise and investment can help propel Malaysia’s ambitions forward. We seek to deepen our collaboration in these areas, fostering a climate where cutting-edge technology and sustainable practices drive economic growth.” Ng further highlighted the significance of the event as a strategic platform for promoting cross-border investments, commenting, “For our Chinese investors, Malaysia offers a gateway to ASEAN and one of the hubs for innovation, particularly in high-tech industries, the digital economy, electric vehicles, and eco-friendly projects.”
China is Malaysia’s largest trading partner for the 15th consecutive year with trade reaching RM450.84 billion in 2023.
