Latest news with #ABF2025
The Sun
12 hours ago
- Business
- The Sun
CGS, CGS International sign pacts for Asean-China business partnerships at Asean Business Forum 2025
KUALA LUMPUR: China Galaxy Securities Co Ltd (CGS) and CGS International Securities Group signed five strategic memorandums of understanding (MoUs) and one letter of intent (LoI), with top corporations, development partners and investment managers across Asean and China on May 29. These landmark agreements were signed at the inaugural Asean Business Forum 2025 (ABF2025) and witnessed by Malaysian Investment Development Authority (Mida) CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid on behalf of Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Securities Commission Malaysia (SC) executive chairman Datuk Mohammad Faiz Azmi, Asean Business Advisory Council (Asean-BAC) Malaysia chairman Tan Sri Nazir Razak and CGS chairman Wang Sheng. They aim to promote the growth of the Asean region as an integrated and cohesive regional economic powerhouse, deepen cross-border collaboration and accelerate capital flows across high-growth sectors. The signings reflect growing confidence in Asean's long-term growth prospects and the role of Malaysia – under its Asean chairmanship – to facilitate China-Asean and intra-Asean business and capital flows. Spanning access, private equity and investment in solutions for technology, healthcare, industrial development, investment promotion and wealth management family-office facilitation, the agreements reflect CGS and CGS International's broader mission and capability to bridge capital and opportunities within the region. These signings also build on their commitment made during the Johor-Singapore Special Economic Zone Partners' Dialogue on May 19, where CGS International committed to a target of RM6 billion – comprising RM3 billion in facilitation of foreign direct investment within three years and RM3 billion in assets under management in the establishment of single family office ventures. The signing parties and scope of partnerships of the LoI and the MoUs signed by CGS and CGS International include: • LoI for China-Asean Investment Programme – Establish a private equity fund to invest in high growth sectors such as healthcare/medical devices, semiconductor, advanced manufacturing, renewable energy, agriculture/food security and consumers throughout Asean with Malaysia as a key regional anchor and to facilitate the transfer of industry knowledge and technology from China to Asean. ARROW -- MoU with Mida to jointly promote Malaysia as an investment hub, support investor facilitation and collaborate on fundraising, business matching and supply chain development for high-value industries. ARROW -- MoU with Fullgoal Asset Management (HK) Limited (Fullgoal HK) and Bursa Malaysia Bhd. Fullgoal HK and CGS International will jointly list exchange-traded funds on Bursa Malaysia, with the aim to provide Malaysian investors with access to a wider range of investment options, and exposure to global markets. ARROW -- MoU with GL Capital Management Limited to jintly establish a closed-end private equity fund dedicated to healthcare/medical devices sector in Asean to tap its high growth opportunities. ARROW -- MoU with OCBC Bank (Malaysia) Bhd to jointly facilitate China and Asean trade and investment flows by supporting regional clients with banking, treasury and investment banking services. ARROW -- MoU with Zhongguancun International Holding Limited (Hong Kong) to facilitate the entry of Chinese companies in the sectors of advanced manufacturing, digital technology, food security and healthcare, into the Johor-Singapore Special Economic Zone and selected Malaysian industrial parks. CGS International Group CEO Carol Fong, said: 'These signings are more than just intents and agreements – they signify our strong confidence in the investment and growth potential of Asean and Malaysia. CGS International is proud to play the role of connector and catalyst, and to leverage our wider Asean presence and Chinese parentage to help our clients and partners accelerate cross-border strategic collaborations, capital and talent mobility for business growth.' ABF2025 was co-organised with Asean-BAC Malaysia and Mida, supported by partners MBSB and OCBC Malaysia. The forum was held in conjunction with the 46th Asean Summit 2025 and Sean-GCC+China Summit 2025. Over 500 regional policymakers, investors and corporate leaders attended the full-day event which featured strategic panels, high-level keynotes, and closed-door business matchmaking.
The Sun
12 hours ago
- Business
- The Sun
CGS , CGS International sign pacts for Asean-China business partnerships at Asean Business Forum 2025
KUALA LUMPUR: China Galaxy Securities Co Ltd (CGS) and CGS International Securities Group signed five strategic memorandums of understanding (MoUs) and one letter of intent (LoI), with top corporations, development partners and investment managers across Asean and China on May 29. These landmark agreements were signed at the inaugural Asean Business Forum 2025 (ABF2025) and witnessed by Malaysian Investment Development Authority (Mida) CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid on behalf of Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Securities Commission Malaysia (SC) executive chairman Datuk Mohammad Faiz Azmi, Asean Business Advisory Council (Asean-BAC) Malaysia chairman Tan Sri Nazir Razak and CGS chairman Wang Sheng. They aim to promote the growth of the Asean region as an integrated and cohesive regional economic powerhouse, deepen cross-border collaboration and accelerate capital flows across high-growth sectors. The signings reflect growing confidence in Asean's long-term growth prospects and the role of Malaysia – under its Asean chairmanship – to facilitate China-Asean and intra-Asean business and capital flows. Spanning access, private equity and investment in solutions for technology, healthcare, industrial development, investment promotion and wealth management family-office facilitation, the agreements reflect CGS and CGS International's broader mission and capability to bridge capital and opportunities within the region. These signings also build on their commitment made during the Johor-Singapore Special Economic Zone Partners' Dialogue on May 19, where CGS International committed to a target of RM6 billion – comprising RM3 billion in facilitation of foreign direct investment within three years and RM3 billion in assets under management in the establishment of single family office ventures. The signing parties and scope of partnerships of the LoI and the MoUs signed by CGS and CGS International include: • LoI for China-Asean Investment Programme – Establish a private equity fund to invest in high growth sectors such as healthcare/medical devices, semiconductor, advanced manufacturing, renewable energy, agriculture/food security and consumers throughout Asean with Malaysia as a key regional anchor and to facilitate the transfer of industry knowledge and technology from China to Asean. ARROW -- MoU with Mida to jointly promote Malaysia as an investment hub, support investor facilitation and collaborate on fundraising, business matching and supply chain development for high-value industries. ARROW -- MoU with Fullgoal Asset Management (HK) Limited (Fullgoal HK) and Bursa Malaysia Bhd. Fullgoal HK and CGS International will jointly list exchange-traded funds on Bursa Malaysia, with the aim to provide Malaysian investors with access to a wider range of investment options, and exposure to global markets. ARROW -- MoU with GL Capital Management Limited to jintly establish a closed-end private equity fund dedicated to healthcare/medical devices sector in Asean to tap its high growth opportunities. ARROW -- MoU with OCBC Bank (Malaysia) Bhd to jointly facilitate China and Asean trade and investment flows by supporting regional clients with banking, treasury and investment banking services. ARROW -- MoU with Zhongguancun International Holding Limited (Hong Kong) to facilitate the entry of Chinese companies in the sectors of advanced manufacturing, digital technology, food security and healthcare, into the Johor-Singapore Special Economic Zone and selected Malaysian industrial parks. CGS International Group CEO Carol Fong, said: 'These signings are more than just intents and agreements – they signify our strong confidence in the investment and growth potential of Asean and Malaysia. CGS International is proud to play the role of connector and catalyst, and to leverage our wider Asean presence and Chinese parentage to help our clients and partners accelerate cross-border strategic collaborations, capital and talent mobility for business growth.' ABF2025 was co-organised with Asean-BAC Malaysia and Mida, supported by partners MBSB and OCBC Malaysia. The forum was held in conjunction with the 46th Asean Summit 2025 and Sean-GCC+China Summit 2025. Over 500 regional policymakers, investors and corporate leaders attended the full-day event which featured strategic panels, high-level keynotes, and closed-door business matchmaking.
The Sun
27-05-2025
- Business
- The Sun
Nazir: Deeper Asean economic integration no longer optional – it's essential
KUALA LUMPUR: Asean stands at a critical juncture where accelerating economic integration is no longer optional – it is essential. In the face of a challenging and uncertain global environment, the region must urgently take concrete steps to strengthen internal collaboration. This means increasing trade and investment flows among member countries and creating a more unified economic front. Asean-BAC for Malaysia chairman Tan Sri Nazir Razak said despite significant progress in reducing tariffs – currently eliminated on 99% of goods within Asean – non-tariff barriers have been steadily rising. He said tackling these will require empowering Asean institutions to enforce rules more effectively and ensure greater compliance across member states. 'The message is clear: Asean must act decisively to deepen integration or risk missing a pivotal opportunity to secure long-term economic resilience. There is a need for stronger enforcement mechanisms and greater authority for Asean bodies to regulate and reduce trade barriers effectively. 'Further, operational flexibility must be improved. We should allow companies to establish operations wherever it makes the most economic sense within the region, without unnecessary red tape or restrictions,' he told reporters at the curtain raiser to the Asean Business Forum 2025 (ABF 2025) today. Malaysian Investment Development Authority (Mida) deputy CEO for investment promotion and facilitation Sivasuriyamoorthy Sundara Raja said Southeast Asia has been one of the fastest-growing economic regions over the past two decades, recording an average growth rate of 5.3%. Within this, Asean has maintained a steady growth rate of around 4%, creating a favourable environment for investment across the region. As a result, Sivasuriyamoorthy said, Asean now attracts about 17% of total global foreign direct investment (FDI) inflows – roughly one-fifth of the global total. The strong performance is driven not only by the region's economic potential but also by the strategic framework provided by the Asean Economic Community Blueprint. This blueprint has positioned Asean as a single production base, enhancing regional integration and economic certainty. Such stability and coordination have made Asean – and Malaysia in particular – an attractive destination for investors seeking to establish or expand their operations, he said. 'Moving forward, we are very confident in our ability to attract even more investments into Malaysia. There are several new growth areas have been identified under the New Industrial Master Plan and the National Energy Transition Roadmap. These include front-end semiconductor manufacturing, green investments, hydrogen technology, carbon capture, and digital infrastructure. 'We are actively positioning Malaysia as a hub for global players in the digital space – whether in data centres, AI or digital construction technologies. In addition, we are exploring opportunities in sustainable aviation fuel, biofuels, and critical minerals. 'These are all emerging sectors, and in this context, I believe Malaysia is taking on a leadership role within Asean, helping to drive investments into this dynamic and fast-evolving region,' he said. Focusing on SMEs, MBSB Bank Bhd group chief strategy officer Datuk Azlan Shahrim said across Asean and beyond, the focus of ABF 2025 extends to Malaysian SMEs operating domestically with ambitions to export within the region. He said it also includes Asean-based SMEs looking to establish operations in Malaysia, as well as companies that are integral parts of the regional supply chain. 'One way we support SMEs is through our unique blended finance approach. MBSB Bak Bhd, with its 75-year legacy, has long provided regional financing in Malaysia and Singapore, often in partnership with SMEs. Today, with MIDF – the development finance arm now part of the MBSB Group – we are able to offer a more integrated solution. 'When an SME needs financing, we can provide a combination of government grants, government-backed financing schemes, and guarantees, up to 80%, and complement that with traditional commercial banking facilities. 'For example, if an SME requires RM50 million in funding, they might receive RM10 million in the form of equity financing, government support, and guarantees, with the remainder structured as commercial loans. 'This blended model results in a more attractive overall financing rate, enabling SMEs to be more competitive in the market,' he said. ABF2025 will be held on Thursday alongside the 46th Asean Summit and the Asean-GCC+China Summit. Themed 'From Vision to Reality – Asean Partnerships Fuelling Sustainable Growth', the forum will spotlight corporate engagement and business matchmaking among top 25 corporations and investors from Asean and China. Co-hosted by Mida and Asean-BAC Malaysia, ABF 2025 is expected to attract over 500 participants, including more than 200 local and international companies.
