From left: HSBC Bank Malaysia chief executive officer Datuk Omar Siddiq, HSBC Asia Pacific Co-CEO Surendra Rosha, Bank Negara governor Datuk Abdul Rasheed Ghaffour, Minister of Finance II Datuk Seri Amir Hamzah Azizan, HSBC Hong Kong CEO Luanne Lim and Standard Chartered Bank Malaysia CEO Mak Joon Nien.
PETALING JAYA: HSBC and Standard Chartered Malaysia had jointly hosted an investor roadshow in Hong Kong for the Malaysian government as an effort to showcase Malaysia’s strengths and investment potential to foreign investors.
Themed, “Highlights for Growth, the roadshow attracted over 100 participants including financial market and institutional investors.
According to a press statement, the engagement session focused on revitalising the Malaysian economy through cross border trade, digital innovation, and Islamic finance, among others.
The roadshow featured presentations and discussions led by Finance Minister 2 Datuk Seri Amir Hamzah Azizan and Bank Negara Malaysia governor Datuk Seri Abdul Rasheed Ghaffour.
Among key points highlighted were Malaysia’s economic framework and fiscal responsibility act, as well as emphasis on sustainability, competitiveness and enhancing quality of life as crucial areas for development.
Speaking at the event, Amir said the roadshow shed some light on Malaysia’s policies and position the country as a key player in the Asean economy.
“Malaysia’s economy is on a robust growth trajectory with ongoing reforms refuelling investor confidence,” he stated.
He added that the shared vision between Malaysia and Hong Kong emphasises fostering a strong and enduring partnership with a focus on enhancing trade cooperation, driving innovation and supporting the shift towards a net-zero economy.
“Strengthening economic and financial ties between the two economies will create substantial opportunities for growth,” Amir added.
Abdul Rasheed affirms his confidence in Malaysia’s economic growth.
“Despite headwinds as well as uncertainties that transpire from the global environment, Malaysia’s economy will continue to be resilient in the near-term.
“For investors seeking growth and long-lasting partnership, Malaysia has been a rewarding destination, offering attractive double-digit returns,” he said.
HSBC Bank Malaysia chief executive officer (CEO) Datuk Omar Siddiq emphasised the group’s role in bridging businesses and investors in Hong Kong to the prospects in Malaysia and globally.
“We are pleased to have had a series of fulfilling engagements with investors in Hong Kong to highlight opportunities in Malaysia. Standard Chartered has been in Malaysia for 149 years and counting, and we remain deeply committed to supporting the country in its next phase of growth,” said Standard Chartered Malaysia CEO Mak Joon Nien in a statement.
Recently, HSBC Global Research has raised its growth forecast for Malaysia’s gross domestic product (GDP) from 4.5% to 5%, given the significant upside in the second quarter GDP and the sustained momentum, particularly from stronger trade tailwinds in the second half of 2024.
