Group Photo of the Business Symposium
September 12, 2024 — Kuala Lumpur: The GBA Entrepreneurs Alliance, led by Dr. Jonathan Choi, visited Malaysia. The visit aimed to strengthen ties and explore new opportunities in trade, investment, and technology. The 50-member delegation met with YB Deputy Minister Liew Chin Tong. They discussed expanding cooperation between Malaysia and the Greater Bay Area.
GBA Delegates photo: Diana Dai, Johnson Choi, Huang Jian Bo, Economic and Commercial Section of the Embassy of the People’s Republic of China in Malaysia Public Counselor Sun Shuk-Qiang, Dr. Jonathan Choi, YB Deputy Minister of MITI Liew Chin Tong, YB Tan Kok Wai, Janice Kuan, Jason Choi, Jackson Choi
A Global Economic Powerhouse Poised for International Investment
The Greater Bay Area has a population of about 86 million and a GDP over USD 2 trillion. It is a globally recognized economic powerhouse with a large percentage of China’s wealthy individuals. An estimated 12.9 to 17.2 million wealthy people live in cities like Shenzhen, Guangzhou, and Hong Kong. This wealth concentration boosts the region’s potential for large-scale investments, including in Malaysia.
“The Greater Bay Area offers great potential for economic cooperation with Malaysia,” said Dr. Jonathan Choi. “Key sectors include finance, technology, and green energy,” he added. “Our goal is to create innovation-driven partnerships that promote prosperity and open new development avenues.”
Dr. Jonathan Choi Opening Speech.
YB Deputy Minister Liew Chin Tong welcomed the delegation and emphasized the alignment of both regions’ goals.
“Malaysia provides a dynamic and favorable environment for investment,” said YB Liew. “We remain committed to developing high-tech industries and fostering talent exchange.” “We aim to deepen collaboration with the Greater Bay Area in trade, technology, and education,” he added.
YB Deputy Minister Liew Chin Tong Giving His Opening Speech while Officiating the event.
The meeting focused on strengthening cooperation between the regions. They discussed facilitating market access and promoting investment opportunities. Both sides emphasized knowledge and talent exchanges as key areas. Dr. Jonathan Choi shared successful partnerships between the GBA and international markets, especially in technology and innovation.
Looking Forward: Expanding Bilateral Relations
The discussion marked the beginning of what both parties anticipate will be a robust and fruitful cooperation. The GBA delegation highlighted several key areas of interest, including leveraging Malaysia’s burgeoning high-tech sector and its strategic location as a gateway to Southeast Asia. In return, Malaysia sees the GBA as a vital partner in promoting economic growth, innovation, and sustainable development in the region.
Left Photo: YB Deputy Minister Liew Chin Tong and Dr. Jonathan continue to exchange ideas. Right photo: Participants asking questions during the forum session.
“We see tremendous opportunities for both regions to create long-term value, whether through joint ventures, talent exchange, or research collaborations,” added Dr. Jonathan Choi. “The future looks promising as we continue to explore new paths for cooperation.” -END-
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