By Peter Sibon
KUCHING, June 19: With total assets exceeding RM10 billion, Datuk Seri Tiong King Sing urges China Construction Bank (CCB) Malaysia Co. Ltd to provide financing services to participating Malaysian and Chinese enterprises that can benefit both countries.
The Prime Minister’s Special Envoy to China said that since its establishment three years ago, CCB has been supportive in developing infrastructure projects in Malaysia.
“Although CCB had been operating in Malaysia for just three years, it is the only Chinese-funded bank that counts Malaysia as its regional headquarters with a total assets in Malaysia exceeding RM10 billion.
“In recent years, it has been given instrumental support for China’s ventures in ports, industrial parks, transportation, and steel production. The bank also has a role in supporting the chemical and automobile industries by making their supply chain and infrastructure ecosystems possible.
“I also hope that the CCB will continue to provide the needed support for other commercial enterprises going forward,” said Tiong at an online signing ceremony between Proton Holdings Berhad and Acotech in CCB’s “Global Matching House” service in conjunction with the Canton Fair Online held at CCB headquarters in Kuala Lumpur yesterday.
He also hoped that through the online Canton Fair, Malaysia and China would continue to build upon the “Belt and Road” initiative that promotes collaboration for all parties.
“All of which is aimed at deepening cooperation and enhancing the well-being of the peoples of Malaysia and China. So, let’s work together towards mutually beneficial and win-win development for both Malaysia and China,” said Tiong, who is also Bintulu MP.
He also pointed out that the ancient Silk Road trade route which used to be vast, was now made close at hand due to advanced technologies.
“This Canton Fair Online breaks through the limits of distances and spaces. Within the new norm due to the Covid-19 pandemic, enterprises must evolve their traditional business models and way of doing business in order to continue to survive and thrive.
“This year’s Canton Fair, through digitalisation, Big Data, and cloud-based online exhibition, will not only make it easier for global companies to find suppliers of Chinese-made products but also make it more convenient to access China’s vast markets,” he said.
Tiong, who is also Progressive Democratic Party (PDP) president stressed that the 127th Canton Fair’s theme this year of using online platforms for business matching and collaboration negotiations, effectively taking advantage of various tech platforms.
“Business models will be to evolve to expand their opportunities and develop to serve more potential customers and partners,” he added.—DayakDaily