Kuala Lumpur: China Galaxy Securities Co Ltd (CGS) and CGS International Securities Group today signed five strategic memoranda of understanding (MoUs) and one letter of intent (LOI) for ASEAN-China business partnerships.
According to BERNAMA News Agency, the agreements aim to promote ASEAN’s development as an integrated and cohesive regional economic powerhouse, deepen cross-border collaboration, and accelerate capital flows across high-growth sectors. The signings reflect growing confidence in ASEAN’s long-term growth prospects, with Malaysia, under its ASEAN chairmanship, playing a key role in facilitating China-ASEAN and intra-ASEAN business and capital flows.
The agreements cover access, private equity, and investment solutions for technology, healthcare, industrial development, investment promotion, and wealth management family-office facilitation, reflecting CGS’s and CGS International’s broader mission and capability to bridge capital and opportunities within the region. The LoI and MoUs signed include a proposal under the China-ASEAN Investment Programme to establish a private equity fund targeting high-growth sectors across ASEAN, with Malaysia serving as a key regional anchor.
Among the MoUs, one was signed with the Malaysian Investment Development Authority (MIDA) to promote Malaysia as a key investment hub, facilitating investor engagement and collaborating on fundraising, business matching, and supply chain development for high-value industries. Another MoU with Fullgoal Asset Management (HK) Ltd and Bursa Malaysia Bhd focuses on the joint listing of Exchange-Traded Funds (ETFs) on Bursa Malaysia, broadening local investor access to global markets.
A separate MoU with GL Capital Management Ltd outlines the establishment of a closed-end private equity fund dedicated to ASEAN’s healthcare and medical devices sector. In collaboration with OCBC Bank (Malaysia) Bhd, another MoU aims to enhance China-ASEAN trade and investment flows by offering regional clients banking, treasury, and investment banking services. Lastly, an MoU with Zhongguancun International Holding Ltd seeks to facilitate the entry of Chinese companies into sectors such as advanced manufacturing, digital technology, food security, and healthcare into the Johor-Singapore Special Economic Zone and selected Malaysian industrial parks.
CGS International group chief executive officer Carol Fong stated that the signings represent more than just intentions and agreements; they signify strong confidence in the investment and growth potential of ASEAN and Malaysia. She added that CGS International is proud to play the role of connector and catalyst, leveraging their broader ASEAN presence and Chinese parentage to help clients and partners accelerate cross-border strategic collaborations, and the mobility of capital and talent for business growth.