CGS-CIMB Securities International Pte. Ltd. (“CGS-CIMB”) and its group recently hosted a five-day business visit for five Chinese fund houses with Asset Under Management (“AUM”) of approximately RMB 8.1 trillion in its Singapore, Malaysia and Thailand offices. The exercise took place from 31 October 2022 till 4 November 2022.
Image above: CGS-CIMB hosted the maiden business visit of five Chinese fund houses, namely Bosera Asset Management Co., CSOP Asset Management Limited, China Universal Asset Management (Hong Kong) Company Limited., and Fullgoal Asset Management (HK) Limited, with Asset Under Management (“AUM”) worth a total of RMB 8.1 trillion to Malaysia and hosted a meeting with the Securities Commission Malaysia.
Delegates from Chinese fund houses which participated in the event includes Bosera Asset Management (International) Co., CSOP Asset Management Limited, China Universal Asset Management (Hong Kong) Company Limited., and Fullgoal Asset Management (HK) Limited. The delegates were treated to a packed programme of meetings with local regulators namely Singapore Exchange Limited, Securities Commission Malaysia, Bursa Malaysia and Stock Exchange of Thailand to understand the investment landscape in the respective countries. And, a slew of networking opportunities with institution and corporate clients in the three offices to discuss potential collaborations.
The business visit aims to bring Chinese fund managers to invest in ASEAN and promote connectivity between China and ASEAN countries. Also, to provide investors access to investment opportunities in various asset classes such as equities, fixed income, ETF and many more. This initiative is an integral part of CGS-CIMB Securities’ vision to be a leading and trusted financial services group in Asia.
“Many companies listed on Bursa Malaysia contribute to the global supply chain as well as the Belt And Road Initiative. We are very pleased to have been given the opportunity by CGS-CIMB to welcome these fund managers visiting from China and showcase these companies to them. Malaysia has an abundance of interesting sectors ranging from palm oil, petroleum, semiconductors and even in solar panels which will entice global fund managers to consider Malaysia as a desirable place to raise capital as well as an investment destination,” said Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia.
Ruzi Ajith, Chief Executive Officer of CGS-CIMB Securities Malaysia said, “We are honored to host these esteemed top tiered fund managers’ maiden business visit to Malaysia and connecting them to our regulators namely the Securities Commission Malaysia and Bursa Malaysia for the first time. The business visit was more than just extending product offerings to investors. Our regulators and the fund managers also exchanged views and explored potential collaborations among each other. Pioneering this business visit showcases CGS-CIMB’s strength as Asia’s financial gateway.”
This content is provided by Aegis Communication Sdn Bhd.
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