CGS International signs six deals to boost ASEAN-China ties

The new agreements build on its earlier pledge of $1.82b (RM6b), made during the Johor-Singapore Special Economic Zone Partners’ Dialogue. 

CGS International and its parent, China Galaxy Securities, have signed six new agreements aimed at strengthening cross-border investment ties between ASEAN and China.

The signings, which include five Memoranda of Understanding (MoUs) and one Letter of Intent (LoI), took place at the ASEAN Business Forum 2025 held in Kuala Lumpur.

The agreements were formalised in the presence of senior Malaysian officials including Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA); Dato' Mohammad Faiz Azmi, Executive Chairman of the Securities Commission Malaysia; and Tan Sri Nazir Razak, Chairman of the ASEAN Business Advisory Council Malaysia.

According to CGS International, the new agreements build on its earlier pledge of $1.82b (RM6b), made during the Johor-Singapore Special Economic Zone Partners’ Dialogue in May 2025. This includes $910m (RM3b) dedicated to facilitating foreign direct investments over the next three years, and another $910m (RM3b) allocated for assets under management through the establishment of Single Family Office Ventures.

The Letter of Intent establishes a China-ASEAN Investment Programme to create a private equity fund focused on healthcare, semiconductors, renewable energy, agriculture, and other sectors, with Malaysia positioned as a regional anchor.

One of the MoUs signed with MIDA aims to promote Malaysia as an investment hub and collaborate on investor facilitation, fundraising, and supply chain development.

Another agreement with Fullgoal Asset Management (HK) and Bursa Malaysia will introduce new Exchange-Traded Funds (ETFs) to the Malaysian market, expanding investment options for local investors.

Additional MoUs include a partnership with GL Capital Management to set up a healthcare-focused private equity fund; an agreement with OCBC Bank Malaysia to support ASEAN-China trade and investment flows; and a collaboration with Zhongguancun International Holding to help Chinese companies enter Malaysian industrial sectors, including advanced manufacturing, digital technology, food security, and healthcare.