CGS, CGS International Sign Strategic Deals To Boost ASEAN-China Business Ties

KUALA LUMPUR, May 29 (Bernama) -- 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.

In a statement, CGS said 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.

It said 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.

“Covering access, private equity, and investment solutions for technology, healthcare, industrial development, investment promotion and wealth management family-office facilitation, the agreements reflect CGS’s and CGS International’s broader mission and capability to bridge capital and opportunities within the region,” the statement said.

The LoI and MoUs signed by CGS and CGS International include a proposal under the China-ASEAN Investment Programme to establish a private equity fund targeting high-growth sectors across ASEAN.

Malaysia will serve as a key regional anchor, with the initiative also facilitating the transfer of industry knowledge and technology from China to ASEAN.

Among the MoUs, one was signed with the Malaysian Investment Development Authority (MIDA) to jointly promote Malaysia as a key investment hub, facilitate investor engagement, and collaborate 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 in 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 said the signings represent more than just intentions and agreements – they signify their strong confidence in the investment and growth potential of ASEAN and Malaysia.

“CGS International is proud to play the role of connector and catalyst, leveraging our 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,” she added.

-- BERNAMA