Malaysia Highlights Potential of Islamic Finance Market as It Woos Hong Kong

Malaysia would like to ‘leverage’ the Hong Kong’s position as a global financial center to ‘channel global capital’ into the Southeast Asian country, its trade minister says.

Malaysia is seeking to deepen its financial market ties with Hong Kong to attract global capital, which could help the city grow its presence in Islamic finance, the Southeast Asian country’s trade minister said.

Tengku Zafrul Aziz proposed the increase in cooperation between the two economies during a Malaysian Chamber of Commerce (Hong Kong & Macau) event on Tuesday, following a trip to the Chinese mainland with Malaysian Prime Minister Anwar Ibrahim.