KUALA LUMPUR, Nov 4 — In a bid to bring more Chinese players to invest in Asean, CGS-CIMB Securities International Pte Ltd (CGS-CIMB) and its group hosted a five-day business visit for four Chinese fund houses to its Malaysia, Singapore, and Thailand offices.
They are Bosera Asset Management (International) Co, CSOP Asset Management Ltd, Universal Asset Management (Hong Kong) Co Ltd, and Fullgoal Asset Management (HK) Ltd, with a combined asset under management of about 8.1 trillion yuan (RM5.3 trillion).
In a statement today, CGS-CIMB said October 31-November 4, 2022 visit aims to bring Chinese fund managers to invest in Asean and promote connectivity between China and Asean countries. The visit will also help pave the way for investors to access to investment opportunities in various asset classes such as equities, fixed income, ETFs.
In Malaysia, meetings were held with the Securities Commission Malaysia, and Bursa Malaysia to understand the country’s investment landscape. Networking opportunities were also organised with institutions and corporate clients to discuss potential collaborations, the statement said.
Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift said many companies on the local bourse have contributed to the global supply chain as well as the Belt And Road Initiative.
‘’Malaysia has an abundance of interesting sectors ranging from palm oil, petroleum, semiconductors and even in solar panels, which will entice global fund managers to consider Malaysia as a desirable place to raise capital as well as an investment destination,” he said. — Bernama
