ACC Organized Investment Mission to Malaysia

From 27 November to 1 December 2017, ASEAN-China Centre (ACC) organized investment mission to Malaysia. The delegation was led by Mr. Li Yuan, Director of Trade and Investment Division of ACC. Chinese entrepreneurs from Beijing, Shanghai and Jiangsu province joined the trip. During the trip, ACC organized Malaysia-China business matching meeting in Kuala Lumpur and Kota Kinabalu, Malaysia. The delegation also paid calls on Datuk Yeo Boon Hai, Mayor of Kota Kinabalu, Mr. Liang Caide, Consul General of China in Kota Kinabalu, and officials of the Department of Industrial Development and Research of Sabah State of Malaysia and the Facilitation Center of Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA). The delegation also had discussions with ASEAN-China Business Association and Sabah Branch of Malaysia-China Chamber of Commerce.

During the stay in Kuala Lumpur, China Machinery Engineering Corporation (CMEC), member of the delegation, signed a USD 26 million contract to supply material and equipment for a 50-Megawatt-ac solar farm project in Negeri Sembilan State with Mattan Engineering from Malaysia. The entrepreneurs called on the Kuala Lumpur Office of Beibu Gulf Holding (Malaysia) Sdn Bhd, and listened to the briefing on the latest development of Malaysia-China Kuantan Industrial Park. They also met with the representatives from China-ASEAN Business Association (CABA) and had a thorough understanding of the local business environment and investment opportunities. Both sides showed great enthusiasm in future collaboration.

During the stay in Kota Kinabalu, Director Li Yuan briefed the officials of Department of Trade and Industry of Sabah State and the Facilitation Center of Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) on the recent work of ACC, and said that the purpose of this visit is to have a deeper understanding on the economic growth of Sabah State and its investment policies, to strengthen the existing ties between ACC and BIMP-EAGA and to explore the feasibility of future cooperation. The host said that more and more Chinese enterprises are going to Malaysia and other ASEAN countries to open up market, and there is also a growth trend of ASEAN countries’ businessmen going to China to invest and run business. In September 2017 in Nanning, BIMP-EAGA-China Trade and Investment Seminar was successfully held. They wished both sides could seize the opportunity to continuously raise the trade and economic practical cooperation to a new height.

Datuk Yeo Boon Hai welcomed the delegation, and expressed great willingness to strengthen the communication with Chinese entrepreneurs and ACC and expected that more and more Chinese entrepreneurs come to invest in and explore the local market. Consul General Liang Caide briefed the delegation on the business environment and situation of Chinese enterprises in Sabah State. He encouraged the business sectors from both sides to explore the opportunities to realize the win-win cooperation. During the meeting with Sabah Branch of Malaysia-China Chamber of Commerce, they learnt the updated investment projects in Sabah State and explored the feasibility on future cooperation.

Entrepreneurs participating in the trip respectively stated that this visit was fruitful and benefited them a lot, and deeply felt the broad prospect and great potentials of ASEAN-China trade and investment cooperation. They thanked ACC for organizing the investment mission and hoped to make their own contributions to ASEAN-China practical cooperation.