The Ministry of Investment, Trade & Industry said it had facilitated the exchange of 11 Memoranda of Understanding between Malaysian and Chinese entities, with a total potential investment of RM13.2 billion, in conjunction with the first official visit to Malaysia by the Premier of the People’s Republic of China, H.E. Li Qiang.
MITI said the MOUs nvolved several agencies, including the Malaysian Investment Development Authority (MIDA), the Malaysia External Trade Development Corporation (MATRADE) and the Export-Import Bank of Malaysia Berhad (EXIM Bank Malaysia).
The MoU between MIDA and the China International Capital Corporation Limited (CICC) aims to strengthen economic and industrial collaboration, focusing on enhancing investment opportunities in high-value sectors and exploring supply chain integration within key industries in Malaysia and China. Meanwhile, MATRADE entered into an MoU with Bank of China (Malaysia) Berhad to strengthen its alliances with international financial institutions as it looks to enhance market access as
well as financing options for Malaysian exporters. Through this MoU, both parties will leverage their respective expertise and networks to benefit the business communities of both countries.
EXIM Bank Malaysia’s MoU with the Industrial and Commercial Bank of China (Malaysia) Berhad (ICBC Malaysia) aims to foster and enhance bilateral financial relations. The MoU outlines a framework for strategic collaboration to promote mutual benefits and deepen financial ties between the two institutions. Both banks will jointly promote China- Malaysia trade development and investment cooperation across various economic, trade, and investment platforms in both countries.
The rest of the MoUs were between Malaysian and Chinese companies, for collaborations in high value-added sectors, such as oil and gas, energy, education and Technical and Vocational Education and Training (TVET), Agriculture, automotive as well as utility services.
