Matrade to host China-Asean Expo in Nanjing this Sept 17-21
KUCHING (May 29): The Malaysia External Trade Development Corporation (Matrade) will be hosting the 22nd China-Asean Expo (CAEXPO) from Sept 17-21 in Nanjing, China.
For this year's expo, Matrade will focus on organising the participation of 100 high-potential enterprises in six major areas, namely food and beverage; lifestyle; medical health; digital; green energy; and innovative technology, which are in line with the global development trend, said Matrade board member Datuk Mohammad Medan Abdullah.
'In order to enhance the effectiveness of Malaysia's participation in the 22nd China-Asean Expo, we will hold a number of activities, including precise matchmaking events at the Malaysian National Pavilion, potential buyer selection meetings, and joint live broadcasts with local internet celebrities to promote Malaysian products,' he said at a promotional conference here yesterday.
He said the expo has always been an important strategic platform for Malaysia to showcase itself to the world as a strong exporting country, an investment hot spot and vibrant tourism hub.
'CAEXPO brings together 10 Asean countries, China, and other Belt and Road partners to continuously deepen trade exchanges, investment cooperation and regional collaborative development.'
He revealed that over 2,000 Malaysian companies have participated in the expo through Matrade since first joining in 2004, with a cumulative export sales exceeding RM66.9 billion.
'Many of these companies have successfully entered the Chinese market, which strongly proves the practical value of this platform,' he said, adding that China has remained Malaysia's largest trading partner for 16 consecutive years since 2009 and currently ranks as the third-largest export market.
According to him, bilateral trade between Malaysia and China strongly rebounded in 2024 – achieving a year-on-year growth of 7.5 per cent, accounting for 16.8 per cent of Malaysia's total foreign trade.
'The bilateral trade between Malaysia and China from Jan to April 2025 alone was RM161.98 billion (approximately US$36.47 billion), with exports amounting to RM56.98 billion (approximately US$12.83 billion), driven primarily by electrical and electronic products.
'During the same period, imports from China reached RM105 billion (approximately US$23.64 billion), mainly consisting of intermediate goods,' he said.
Meanwhile, Deputy Premier Datuk Amar Dr Sim Kui Hian said China has emerged as one of Sarawak's most important trade and investment partners.
'Our relationship is underpinned by increasing bilateral trade, robust cooperation in infrastructure and development, and consistent people-to-people exchanges that have nurtured a strong foundation of goodwill and shared vision,' he said in his speech read by Kuching South mayor Datuk Wee Hong Seng.
Dr Sim noted this year's expo signified more than just a gathering of stakeholders, and reflected the enduring spirit of collaboration between Sarawak, Malaysia and China – a relationship that is friendly, vibrant and resilient.
'I encourage China and Sarawakian businesses here to leverage this platform not only to explore emerging markets but to forge new collaborations, cross-border investments, and win-win partnerships,' he said.
Also present at the event was Consul-General of the People's Republic of China in Kuching Xing Weiping, who reaffirmed that CAEXPO would continue to provide a stage for exchanges and reciprocal cooperation between enterprises and introduce more Malaysian quality products including specialty goods from Sarawak into the Chinese market.
'We hope that through this roadshow, Chinese and Malaysian enterprises in Sarawak can have good exchanges and seize market opportunities, investment, and growth opportunities brought by China-Asean Free Trade Area (CAFTA) 3.0 to develop an open an inclusive China-Asean trade and economic relations with greater mutual benefit,' he said. CAEXPO China China-Asean Expo lead Matrade
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
39 minutes ago
- The Sun
Amazon closes Shanghai AI lab amid US-China tech tensions
SHANGHAI: US tech giant Amazon has closed its artificial intelligence research lab in Shanghai, according to a source familiar with the matter. The lab, part of Amazon Web Services (AWS), was disbanded as AI becomes a key battleground in US-China tech competition. A WeChat post by Wang Minjie, a scientist at the lab, stated the closure was due to 'strategic adjustment between China and the United States.' The post circulated widely on Chinese social media this week. AWS recently announced job cuts, with reports suggesting hundreds of positions were affected. Amazon did not directly confirm the Shanghai lab's shutdown when contacted but acknowledged broader restructuring. 'We've made the difficult business decision to eliminate some roles across particular teams in AWS,' said spokesman Brad Glasser. 'These decisions are necessary as we continue to invest, hire, and optimize resources.' The AWS China webpage for the lab, previously accessible, was taken down this week. Archived records show the lab was launched in 2018 to foster research collaboration. Other US tech firms, including Microsoft and IBM, have also reduced research operations in China as geopolitical tensions persist. - AFP
Malaysian Reserve
an hour ago
- Malaysian Reserve
OSL Group Secures US$300 Million in Equity Financing to Accelerate Global Digital Asset Infrastructure Expansion
HONG KONG, July 25, 2025 /PRNewswire/ — OSL Group ( Asia's leading regulated digital asset platform, today announced the successful completion of a US$300 million equity financing round — the largest publicly disclosed equity raise in Asia's digital asset sector to date. This landmark financing underscores strong market confidence in OSL's digital asset business model and long-term growth trajectory, while laying a solid foundation for the Group's next phase of international expansion. The capital will be allocated across three core areas: Supporting the Group's strategic acquisition initiatives – continuing its aggressive global expansion drive, with strategic combinations of potential licensing, acquisitions, partnerships and transactions. Developing new global businesses initiatives, including payment and stablecoin initiatives – accelerating OSL's build-out of global business and payment networks, integrating fiat currencies, stablecoins, and major digital assets. This infrastructure is designed to provide institutional and enterprise clients with secure, efficient, and seamless cross-border payment solutions. Further strengthening its working capital – giving OSL even more competitive advantage, not just in terms of reach and coverage, but also in scale and volume. Since initiating its expansion strategy in late 2023, OSL has executed several transformative acquisitions and advanced its regulatory footprint across major digital asset jurisdictions. The Group has also received growing recognition from capital markets, with its market capitalization exceeding HK$10 billion this year — a clear signal of investor confidence in its regulated digital asset platform and scalable international strategy. Ivan Wong, Chief Financial Officer of OSL Group, commented: 'This US$300 million equity raise marks a major milestone in our journey and reflects strong conviction in OSL's digital asset strategy and execution. The funding will accelerate our global buildout — particularly in regulated payment infrastructure and access points. As a pioneer in regulated digital assets, OSL is committed to shaping the next chapter of global finance with trust, innovation, and institutional-grade infrastructure.' As Hong Kong's first listed and licensed digital asset trading platform, OSL remains committed to advancing the regulated evolution of the digital asset industry. This financing round further cements its leadership role as a key enabler of Web3 infrastructure across the Asia-Pacific region. About OSL Group OSL Group (HKEX: is a leading global financial infrastructure platform bridging traditional finance and the digital asset economy through blockchain technology. The Group is dedicated to providing efficient, seamless, and regulatory-compliant financial services to individuals and businesses worldwide. OSL delivers a comprehensive suite of regulated services through its licensed platforms, including 24/7 OTC brokerage with deep liquidity fiat gateways and competitive pricing; omnibus brokerage solutions enabling traditional financial institutions to integrate digital assets; SOC 2 Type 2-certified custody with up to US$1 billion insurance protection; and compliant retail trading channels; wealth management solutions, including scheduled launches on tokenised treasuries and RWAs; and in preparation for cross-border payment infrastructure via OSL Pay. 'Open, Secure, Licensed' are the principles OSL lives by. OSL is expanding its compliant infrastructure across Japan, Australia, and Europe, potentially Southeast Asia, powering the next generation of global financial infrastructure. Logo – View original content:
New Straits Times
an hour ago
- New Straits Times
Bursa Malaysia among top 50 Asean PLCs, top five in Malaysia
KUALA LUMPUR: Bursa Malaysia Bhd has been recognised as one of the top 50 Asean Public Listed Companies (PLCs) and among the top five PLCs in Malaysia at the Asean Corporate Governance Awards held last night. In a statement, Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said the recognition reflects the exchange's enduring leadership and commitment to upholding the highest standards of governance, transparency, and accountability. "Strong corporate governance is the bedrock of a resilient and trusted capital market. Bursa Malaysia actively champions governance excellence – both within the exchange and across our ecosystem – as a key foundation for investor confidence and sustainable economic growth," he said. Hosted by Malaysia's domestic ranking body, the Minority Shareholders Watch Group, the Asean Corporate Governance Awards recognise Asean PLCs that demonstrate excellence in governance based on the rigorous 2024 Asean Corporate Governance Scorecard (ACGS) Regional Assessment. The event was officiated by Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Tengku Abdul Aziz. Developed in collaboration with the Asian Development Bank, the ACGS is a regional initiative conducted biennially under the Asean Capital Markets Forum to assess, enhance, and promote corporate governance among PLCs across six participating Asean countries. It recognises top-performing PLCs with strong governance frameworks and practices aligned with international standards, focusing on transparency, accountability and board effectiveness, while contributing to the Asean region's growth and attractiveness to investors. — BERNAMA
