NAZIR: GOOD TO ALLOW CHINA SOVEREIGN WEALTH FUNDS TO INVEST IN M'SIA

KUALA LUMPUR, Sept 9 (bERNAMA) -- It is a good idea to encourage sovereign wealth funds from China to invest in Malaysia, says CIMB group chief executive officer Nazir Tun Razak.

CIMB Group is Malaysia’s second largest financial services provider, and
fifth largest in Southeast Asia by total assets. It is owned by
Bumiputra-Commerce Holdings Berhad (BCHB), which is listed on Bursa Malaysia
with a market capitalization of RM26.6 billion (US$7.61 billion).


" Apart from the financial implications, it will also create greater
connectivity to that part of the world economy that is going to be the world's
largest by 2030-2035," he told reporters after the opening of 39-storey Menara
Bumiputra-Commerce by the King Tuanku Mizan Zainal Abidin here
Wednesday.

"I am very much in favour (of this)," he said.

Nazir said Malaysia was generally very open to receiving investments by
strategic foreign players.

"I would be surprised if there is any resistance," he said when asked for
his views about the possible sale of Sime Darby's stake to a company from China.

-- BERNAMA