KUALA LUMPUR: Invest Malaysia 2024 - China, concluded having reached out to 300 delegates which included foreign fixed income, equity and private equity investors, with a combined asset under management (AUM) of over RM22.93 trillion.

A virtual event, the conference sought to promote Malaysia as a compelling economic and investment destination to China-based institutional investors and fund manager.

Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said the Invest Malaysia KL (IMKL) programme continues to support national economic growth by driving critical capital market conversations that profile Malaysia as a key investment destination in Asia. 

"As Malaysia and China celebrate 50 years of diplomatic ties, this opens new doors for growth. China's role in our economy is critical, being Malaysia's largest trading partner for the 15th consecutive year with trade reaching RM450.84 billion in 2023. 

"We believe Invest Malaysia 2024 - China provides a great opportunity for investors based in China to better understand Malaysia's macroeconomic landscape, capital market prospects and the profiles of Malaysian corporates," he said. 

Southeast Asia and South Asia head and China International Capital Corporation Limited (CICC) Singapore CEO Stephen Ng said 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.

"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," said Ng.

Invest Malaysia 2024 - China was organised  by Bursa Malaysia, CICC and Malayan Banking Bhd.

https://www.nst.com.my/business/corporate/2024/04/1041734/invest-malaysia-2024-china-wooed-investors-rm2293-trillion-asset