KUALA LUMPUR: HSBC Malaysia has continued to facilitate the Malaysia-China business corridor via its Corporate Treasury and Investment Forum held recently, which highlighted key opportunities available to Chinese corporates in Malaysia.
The forum, attended by Finance Minister Lim Guan Eng, was led by HSBC Malaysia’s Global Liquidity and Cash Management team and brought together representatives of more than 40 Chinese corporations, it said in a statement on Dec 16.
HSBC Malaysia said participants were provided insights about market trends including emerging trends and innovations in treasury management; investing in Malaysia and setting up a hub in Asean; as well as navigating the regulatory landscape, tax and treasury instruments in Malaysia and Asean.
Other topics included a brief analysis of Malaysia’s recently announced Budget 2020; the support from industry, regulators and government to increase automation and productivity in line with Treasury 4.0; and technology driving treasury operations.
“Malaysia wants to attract and grow the high tech industry and we have in place policies and incentives to attract Chinese companies in this sector to invest.
“With the incentive schemes and investment support policies in place, we hope HSBC can play a role to help us be an additional channel to communicate with more Chinese corporates who are looking to invest in Malaysia.” Lim said in his keynote address.
HSBC Malaysia country head of global liquidity and cash management Shayan Hazir said the time is right for both Malaysia and Chinese corporates to boost the level of engagement.
“Chinese corporates see Malaysia as a strategic gateway to Asean with its tactical logistics connectivity with China and a very favourable business landscape.
“Moreover, the renewed collaboration between both countries on the execution of the Belt and Road Initiative (BRI) will be key to removing barriers and increasing connectivity between China, Malaysia and other parts of the world,” he added. – Bernama
