KUALA LUMPUR: In a landmark move signalling growing economic cooperation between China and ASEAN, China Galaxy Securities Co., Ltd (“CGS”) and its regional arm, CGS International Securities Group (“CGS International”), signed five strategic Memoranda of Understanding (MOUs) and one Letter of Intent (LOI) at the ASEAN Business Forum 2025 (ABF2025). The event, co-hosted by the Malaysian Investment Development Authority (MIDA) and ASEAN Business Advisory Council (ASEAN-BAC) Malaysia, underscores ASEAN’s ambitions to strengthen cross-border trade and investment in high-growth sectors.
Witnessed by key regional stakeholders including Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA; Dato’ Mohammad Faiz Azmi, Executive Chairman of the Securities Commission Malaysia (SC); Tan Sri Nazir Razak, Chair of ASEAN-BAC Malaysia; and Mr Wang Sheng, Chairman of CGS – the signings mark a deepening of CGS International’s long-term strategic intent in ASEAN.
Strengthening ASEAN-China Capital and Business Flows
The agreements build on CGS International’s RM6 billion pledge made during the Johor-Singapore Special Economic Zone Partners’ Dialogue earlier this month. The commitment comprises RM3 billion in facilitation of foreign direct investment (FDI) over three years and RM3 billion in assets under management through the establishment of Single Family Office Ventures.
Spanning areas including private equity, investment facilitation, ETF offerings, healthcare, advanced manufacturing, digital tech, and trade banking services, the six new agreements position Malaysia as a key regional anchor in ASEAN’s economic integration journey.
Key Agreements Include:
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LOI for the China-ASEAN Investment Programme – A private equity fund targeting high-growth sectors such as healthcare, semiconductors, renewable energy, food security, and advanced manufacturing across ASEAN, with Malaysia as the core regional hub. The fund also aims to drive cross-border industry knowledge and tech transfer.
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MOU with MIDA – To jointly promote Malaysia as a premier investment destination and support investor facilitation, fundraising, business matching, and supply chain development.
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MOU with Fullgoal Asset Management (HK) & Bursa Malaysia – To introduce new Exchange-Traded Funds (ETFs) on Bursa Malaysia, expanding global investment access for local investors.
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MOU with GL Capital Management Limited – To launch a private equity fund focused on ASEAN’s fast-growing healthcare and medical devices sector.
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MOU with OCBC Bank (Malaysia) Berhad – To support ASEAN-China trade and investment flows through integrated banking, treasury, and investment banking services.
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MOU with Zhongguancun International Holding (Hong Kong) – To assist Chinese firms in entering Malaysian industrial parks and the Johor-Singapore Special Economic Zone, focusing on sectors such as advanced manufacturing, digital technology, and food security.
Malaysia’s Role Under ASEAN Chairmanship
The move highlights Malaysia’s proactive role during its ASEAN Chairmanship in catalysing intra-ASEAN and ASEAN-China economic linkages. It also reflects the region’s attractiveness as a long-term growth engine, with CGS International committed to serving as a bridge between ASEAN opportunities and Chinese capital.
“These signings are more than just intents and agreements – they signify our strong confidence in the investment and growth potential of ASEAN and Malaysia,” said Madam Carol Fong, Group CEO of CGS International. “As a connector and catalyst, we aim to accelerate cross-border strategic collaborations, capital and talent mobility for business growth.”
A High-Impact Business Forum
Held in conjunction with the 46th ASEAN Summit and the ASEAN-GCC + China Summit 2025, ABF2025 gathered over 500 regional policymakers, investors, and business leaders. Organised by ASEAN-BAC Malaysia and MIDA with support from MBSB Bank and OCBC Malaysia, the forum featured high-level dialogues, strategic panels, and closed-door business matchmaking sessions.
As CGS International expands its influence across ASEAN, these partnerships reaffirm its role as a key enabler in the region’s economic transformation.
For more on CGS International’s services and initiatives, visit www.cgsi.com.
