Shanghai: The Export-Import Bank of Malaysia (EXIM Bank) has exchanged two memoranda of understanding (MoUs) with PT Resources Holdings Bhd (PTRB) and China Export and Credit Insurance Corporation (SINOSURE) during the Malaysia International Halal Showcase (MIHAS) Shanghai 2025.
According to BERNAMA News Agency, PTRB, a Malaysian-listed company specializing in the trading and processing of frozen seafood and other food products, is set to collaborate with EXIM Bank to facilitate its strategic expansion into the Chinese market and other emerging markets. This partnership is focused on accelerating the development of PTRB’s food production ecosystem, enhancing product value, and promoting sustainable growth across its business segments.
The MoU with SINOSURE aims to establish a strategic framework for cooperation in key areas such as reinsurance, co-insurance, and joint marketing initiatives, knowledge sharing, and assistance in recoveries. EXIM Bank noted that the collaboration with SINOSURE reflects the shared commitment of both institutions to facilitate greater cross-border trade and to strengthen the financial ecosystem supporting exporters and investors in both countries. This partnership also provides robust risk mitigation that enables sustainable growth in international trade and investment.
EXIM Bank’s president and chief executive officer, Datuk Nurbayu Kasim Chang, emphasized that these MoUs mark a significant step forward in the bank’s mission to empower Malaysian businesses to compete globally. “By partnering with PTRB and SINOSURE, we are creating a stronger financial and trade ecosystem that supports sustainable growth and risk mitigation for exporters,” she said.
The MoUs were exchanged during MIHAS Shanghai 2025, held in conjunction with the China International Import Expo (CIIE). The exchange was witnessed by Malaysia’s Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi, who officiated MIHAS Shanghai 2025 as part of his working visit to China to strengthen the Malaysia-China bilateral trade relations and promote Malaysia’s Halal industry globally.
EXIM Bank’s participation underscores its role in promoting Malaysia’s Halal industry and expanding market access for Malaysian exporters. “As part of this initiative, EXIM Bank led a delegation of 13 Malaysian exporters, representing sectors such as Halal-certified food and beverages, processed seafood, and other uniquely Malaysian innovative food products. Collectively, these exporters generate an estimated RM800 million in annual revenue, and the bank aims to further support their export growth and market expansion through this international platform,” it added.