HSBC Bank Malaysia Bhd continues to facilitate the Malaysia-China Business Corridor through its Corporate Treasury and Investment Forum, which highlighted key opportunities available to Chinese corporations in Malaysia.
The forum was graced by Finance Minister Lim Guan Eng and led by HSBC Malaysia global liquidity and cash management team, which gathered representatives of over 40 Chinese corporations.
Participants were provided with insights about market trends including new innovations in treasury management, investment 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 include 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 that there are policies and incentives to attract Chinese companies into this sector to invest
“With the incentive schemes and investment support policies in place, we hope HSBC Malaysia can play a role to help us become an additional channel to communicate with more Chinese corporates who are looking to invest in Malaysia,” he said in his keynote address.
Meanwhile, HSBC Malaysia Country Head of Global Liquidity and Cash Management Shayan Hazir said the time is right for both Malaysia and Chinese corporations to boost the level of engagement.
“HSBC Malaysia is ideally positioned to support this, given our widespread global presence and ability to successfully tap into local growth opportunities.
“Chinese corporations 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 will be a key to removing barriers and increasing connectivity between China, Malaysia and other parts of the world.
“HSBC Malaysia will continue to support their growth especially on treasury and cash management capabilities and other facilitation,” Shayan said.
HSBC Malaysia CEO Stuart Milne said the forum was a testament to the bank’s commitment to enabling Chinese corporations.
He added that the forum was also to equip them with the knowledge and network to be successful in Malaysia.
The forum’s speakers include subject matter experts from the Malaysia Investment Development Authority, InvestKL, KPMG Malaysia, HSBC Malaysia, HSBC Bank (China) Co Ltd.
A panel session on Malaysia being a preferred destination for high-value foreign direct investments, especially from Chinese investors was also discussed by the speakers.
The forum held in Kuala Lumpur recently was supported by KPMG Malaysia.