More companies from China keen to expand business in KL, says Dr Wee

PETALING JAYA: Kuala Lumpur has emerged as a favored investment hub for Chinese corporations, according to Datuk Seri Dr Wee Ka Siong.

The president of MCA highlighted the increasing interest of Chinese companies in expanding their ventures in Malaysia.

Speaking at Liuzhou’s Key Industries Investment Promotion Conference (Malaysia) event on Saturday (July 8), Dr Wee emphasized the importance of Malaysian companies capitalizing on the strong ties with China, urging them to partner and collaborate with Chinese firms to expand their businesses in the Chinese market and beyond.

Dr Wee expressed his optimism about the event, which is supported by SME Corp, as it will promote mutual understanding between Malaysian and Chinese investors, benefiting both nations.

“We are pleased to welcome senior officials and 34 private enterprises from Liuzhou to Kuala Lumpur for this investment promotion and business networking initiative,” Dr Wee shared on his Facebook post. “This event will facilitate better understanding of the demands in both destinations and help leverage each other’s advantages, creating a win-win situation for both countries.”

The event witnessed the signing of 13 agreements between Malaysian and Chinese companies involved in the automobile, food, logistics, and smarthome appliance industries, Dr Wee added.

Notable attendees included Liuzhou City Mayor Zhang Zhuang, city secretary-general Liu Bochen, Liuzhou Investment Promotion Agency director Zhao Taotao, and Asean-China Entrepreneurs Association president Datuk Beh Hang Kong.