3 September 2024

HSBC and Standard Chartered co-host investor roadshow for Government of Malaysia in Hong Kong

HSBC and Standard Chartered Malaysia co-hosted an investor roadshow in Hong Kong for the Government of Malaysia themed, “Highlights for Growth”. The event, held at the HSBC head office in Hong Kong, attracted over 100 participants, including financial market and institutional investors.

Presentations and discussions led by YB Senator Datuk Seri Amir Hamzah Azizan, Minister of Finance II, Malaysia, and Dato’ Seri Abdul Rasheed Ghaffour, Governor of Bank Negara Malaysia were key features of the event.

Aimed at showcasing Malaysia’s strengths and the investment potential offered to foreign investors, the engagement session focused on revitalising the Malaysian economy through cross border trade, digital innovation, and Islamic finance, amongst others. Key points highlighted the MADANI Economy framework and Fiscal Responsibility Act as pivotal in restructuring the economy. Emphasis was placed on sustainability, competitiveness, and enhancing the quality of life as crucial areas for development.

At the roadshow, YB Senator Datuk Seri Amir said, “Malaysia’s economy is on a robust growth trajectory with ongoing reforms fuelling investor confidence. The Hong Kong investor roadshow, co-hosted and organised by HSBC and Standard Chartered, shed light on Malaysia’s inherent strengths and the transformative MADANI Economy framework, positioning the country as a key player in the ASEAN economy. The shared vision of Malaysia and Hong Kong emphasises fostering a strong, enduring partnership with a focus on enhancing trade cooperation, driving innovation, and supporting the shift towards a sustainable, net-zero economy. Strengthening economic and financial ties between the two economies will create substantial opportunities for growth”.

Governor Dato’ Seri Abdul Rasheed Ghaffour said, “Over the years, Malaysia has carefully navigated the ever-evolving global economic landscape. Today, the economy is highly diversified and equipped with multiple drivers of growth. Despite headwinds as well as uncertainties that transpire from the global environment, Malaysia’s economy will continue to be resilient in the near term. For investors seeking growth and long-lasting partnership, Malaysia have been a rewarding destination, offering attractive double-digit returns.”

“It was a privilege to host the investor roadshow in Hong Kong for the Government of Malaysia, showcasing the country’s immense investment potential. Centrally located in ASEAN, Malaysia presents unique opportunities with its booming demography, flourishing business landscape, connectivity to global trade links, along with its favourable government policies. HSBC plays a vital role in bridging businesses and investors in Hong Kong to the immense prospects in Malaysia and the world. As a global bank, HSBC is well-positioned to facilitate these connections through our international network”, said Dato’ Omar Siddiq, CEO, HSBC Bank Malaysia.

“We are pleased to have had a series of fulfilling engagements with investors in Hong Kong to highlight opportunities in Malaysia. Our country’s growth prospect is truly exciting, and what remains is to get the right narrative across - which we’ve managed to achieve in the past two days. Standard Chartered has been in Malaysia for 149 years and counting, and we remain deeply committed to supporting the country in its next phase of growth”, said Mak Joon Nien, CEO, Standard Chartered Malaysia.

HSBC Global Research itself has recently raised its growth forecast for Malaysia’s GDP from 4.5% to 5%, given the significant upside in 2Q GDP and the sustained momentum, particularly from stronger trade tailwinds in 2H24.

Media enquiries to:

HSBC Bank Malaysia
Supriya Surendran supriya.t.surendran@hsbc.com.my

About HSBC Malaysia
HSBC’s presence in Malaysia dates back to 1884 when the Hongkong and Shanghai Banking Corporation Limited established its first office in the country on the island of Penang, with the permission to issue currency notes. HSBC Bank Malaysia Berhad was locally incorporated in 1984 and is a wholly-owned subsidiary of The Hongkong and Shanghai Banking Corporation Limited, founding member of the HSBC Group. In 2007, HSBC Bank Malaysia was the first foreign bank to be awarded an Islamic banking subsidiary licence in Malaysia, namely HSBC Amanah Malaysia Berhad. HSBC Malaysia offers a comprehensive range of banking and financial services including Islamic financial solutions. HSBC Malaysia has also led innovation in Malaysia by introducing Malaysia’s first ATM and Electronic Touch Banking in the early 1980s. Today, HSBC Malaysia has launched innovative solutions such as HSBCnet for secure banking for businesses, Trade Transaction Tracker and Facial Recognition on supported mobile phones.

About Hongkong and Shanghai Banking Corporation Limited
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 60 countries and territories. With assets of US$2,975bn at 30 June 2024, HSBC is one of the world’s largest banking and financial services organisations.