‘Chinese investors confident with anti-graft initiatives’
KUALA LUMPUR: Chinese investors have voiced their confidence in providing continued investment in China given that the new Pakatan Harapan-led government can provide a secure investment environment as well as political stability.
Malaysia-China Chamber of Commerce president Tan Yew Sing said the peaceful change of government had inspired confidence among Chinese investors.
“I feel that Malaysia, in the long term, will be even more competitive and effective.
“For example, the anti-graft initiatives will reduce graft in the country.
“Graft takes a toll on the cost of doing business. If a country has an organisation that is free to battle graft, it will be looked upon favourably by investors,” he said after meeting the Council of Eminent Persons at Ilham Tower here yesterday.
Tan said Chinese investors would monitor the developments in the local market and return once the Malaysian government could prepare a clear business policy that did not tolerate graft.
Chinese investment in Malaysia, he said, had an equal importance as investments in other countries, but noted that Malaysia could be “reviewed” to benefit both parties.
Tan said, the issue of the East Coast Rail Line and Chinese property investments in Malaysia were raised during the meeting, but the details had yet to be ironed out.
He said the chamber would submit its final report on the issues raised in the meeting to the council in the next two weeks.
“There are several key items which we explained. We are now seeking feedback on Malaysia’s economy on drawing foreign investment,” he said.