KUALA LUMPUR: CGS International Securities Group (“CGS International”) and its parent, China Galaxy Securities Co., Ltd (“CGS”), today formalised six new landmark agreements at the inaugural ASEAN Business Forum 2025 (ABF2025), co-hosted by the Malaysian Investment Development Authority (MIDA) and ASEAN Business Advisory Council (ASEAN-BAC) Malaysia. These include five Memoranda of Understanding (MOUs) and one Letter of Intent (LOI), advancing the firm’s ambition to catalyse ASEAN-China business collaboration across investment, trade and strategic sectors.
The signing ceremony, held in conjunction with the 46th ASEAN Summit and the ASEAN-GCC + China Summit, was witnessed by key dignitaries including Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA (on behalf of YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry), Dato’ Mohammad Faiz Azmi, Executive Chairman of the Securities Commission Malaysia (SC), Tan Sri Nazir Razak, Chairman of ASEAN-BAC Malaysia, and Mr Wang Sheng, Chairman of CGS.
These agreements follow CGS International’s earlier pledge of RM6 billion during the Johor-Singapore Special Economic Zone (JS-SEZ) Partners’ Dialogue, comprising RM3 billion in foreign direct investment facilitation and RM3 billion in asset management under new Single Family Office Ventures.
Strategic Agreements Signed
1. LOI for China-ASEAN Investment Programme
Aims to establish a private equity fund focusing on high-growth sectors such as semiconductors, advanced manufacturing, renewable energy, healthcare, food security and consumer sectors. Malaysia will serve as a regional anchor and technology transfer bridge between China and ASEAN.
2. MOU with MIDA
Both parties will jointly promote Malaysia as a prime investment hub, focusing on investor facilitation, business matching, fundraising and supply chain development across high-value sectors.
3. MOU with Fullgoal Asset Management (HK) Limited and Bursa Malaysia
This trilateral collaboration is set to expand Malaysia’s Exchange-Traded Fund (ETF) offerings by enabling the listing of foreign-underlying ETFs on Bursa Malaysia. It will give Malaysian investors greater access to global markets and diversify capital market products.
4. MOU with GL Capital Management Limited
To launch a private equity fund dedicated to ASEAN’s growing healthcare and medical devices sector.
5. MOU with OCBC Bank (Malaysia) Berhad
To support trade and investment flows between China and ASEAN by offering integrated banking, treasury, and investment services to regional clients.
6. MOU with Zhongguancun International Holding Limited (Hong Kong)
To attract Chinese companies in advanced manufacturing, food security, digital tech, and healthcare to the JS-SEZ and selected Malaysian industrial parks.
ETF Collaboration with Bursa Malaysia and Fullgoal HK
In a separate but complementary development at ABF2025, CGS MY signed a tripartite MOU with Bursa Malaysia and Fullgoal HK to facilitate the listing of new ETFs on Bursa Malaysia. The initiative aims to expand Malaysian retail investors’ access to global investment products and markets.
“This collaboration marks a pivotal step in expanding Malaysia’s ETF landscape,” said Dato’ Fad’l Mohamed, CEO of Bursa Malaysia. “It reinforces our position as an investment gateway bridging Malaysia with global financial markets.”
Mr Ge Chen, Chairman of Fullgoal HK, cited strengthened Malaysia-China maritime and financial ties under the Belt and Road Initiative, stating, “This partnership enhances our international asset allocation capabilities and supports our ‘going global’ strategy.”
CGS International CEO, Madam Carol Fong, added: “Our role as a connector and catalyst in ASEAN-China capital flows is made possible through partnerships like these. We’re excited to deepen investor access to unique global opportunities.”
Currently, Bursa Malaysia lists 17 ETFs managed by six issuers with a combined AUM of MYR2.4 billion.
A Regional Investment Catalyst
With over 500 policymakers, investors, and corporate leaders in attendance, ABF2025 underscores Malaysia’s role as a regional anchor for investment and a facilitator of ASEAN-China connectivity under its 2025 ASEAN Chairmanship. CGS International’s multilateral signings serve as a strong vote of confidence in the region’s potential and its future as a united, high-growth economic powerhouse.
For more information on CGS International’s initiatives, visit www.cgsi.com.
