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Chinese economic and commercial counselor Wu Zhengping speaks during the ceremony |
KUALA LUMPUR, July 1 (Xinhuanet) -- The RMB cross-border Financial Forum and cross-border bilateral business promotion was held in Kuala Lumpur lately.
The event was co-hosted by the Bank of China in Malaysia and Fujian Branch of the Bank of China.
Wu Zhengping, economic and commercial counselor in the Chinese embassy, said, China has become the largest trading partner of Malaysia, and Malaysia, the largest trading partner of China among the ASEAN.
Their bilateral trade volume reached 106 billion U.S. dollars last year, with Malaysia keeping a trade surplus for successive years.
He said, China’s investment in Malaysia may break the 2 billion dollar mark in the next two years. It will reverse the current China-Malaysia investment disparity and also bring more chances to the development of the Bank of China in Malaysia.
He hopes the bank will provide better service to Chinese-funded companies in Malaysia to accelerate the trade between te two countries.
Wang Hongwei, the CEO of Bank of China in Malaysia, said the Bank of China in Malaysia has been supported by the local Chinese community since it was founded in 1939. Although the bank was closed in 1959 because of various reasons, the community’s attachment to the Bank of China has lasted.
He said the bank has developed quickly since it was reopened in 2001, in the size and quantity of its assets. It will continue to build the best financial service platform for enterprises of both countries, Wang added.
During the forum, the Bank of China in Malaysia and Fujian Branch of the Bank of China also introduced the special cross-border financial service for the Fujian entrepreneurs, and received warm response.
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