KUALA LUMPUR, Sept 28 (Bernama) -- Asia Digital Bank Ltd. (AsiaDB) (Registration No. LL16434) (Licensed Labuan Investment Bank) (License No. 200134BI) Chairman, Mr. Liu Xuming, together with the Secretary-General of Malaysia Jiangsu Entrepreneurs Business Association (MJEBA), Mr. Sun Keqiang and representatives of member companies visited the Malaysia-China Business Council (MCBC). Both parties had a cordial and in-depth discussion with Malaysia's Special Envoy to China and the Chairman of MCBC, Dato’ Sri Tiong King Sing, along with other members of the Board. Both sides discussed possible areas of cooperation between Malaysia and China in the post-epidemic era, focusing on digital economy and digital finance.
 
Dato’ Sri Tiong King Sing extended a warm welcome to Mr. Liu and his delegation. He said in the meeting that the rapid development of China's economy, especially the rapid recovery after the pandemic has brought huge development opportunities for Malaysia, and there is room for exchange and cooperation between the two countries in various fields with broad prospects. The entry of China’s vaccines into Malaysia will help Malaysia overcome the pandemic as soon as possible.
 
“I hope to work together with Asia Digital Bank and the Malaysia Jiangsu Entrepreneurs Business Association to deepen the cooperation between Malaysia and China, further enhance the friendship between the people and enterprises of the two countries and achieve common development and prosperity," Dato’ Sri Tiong added.
 
Mr. Liu expressed his sincere gratitude to the Special Envoy for receiving the bank and the Malaysia Jiangsu Entrepreneurs Business Association amid his busy schedule.
  
"China and Malaysia are good neighbours, good friends, good partners and have achieved fruitful cooperation in recent years in the fields of economic, trade, investment, and human resources exchanges. In the fight against the pandemic, China and Malaysia are helping each other to overcome the difficulties. The pandemic has accelerated the arrival of the digital era, and in recent years the government agencies of both countries have introduced a number of new policies to support the integration and development of the digital economy and traditional industries. Asia Digital Bank is willing to leverage its own resources in the field of digital finance to support the Malaysian government while helping Malaysian enterprises to grow and innovate in this field," stated Mr. Liu.
 
During the meeting, both sides also exchanged views on how to further strengthen cooperation in tourism, agriculture, aquaculture, transportation, infrastructure and construction in the future. Both parties expect to further clarify their cooperation ideas after the meeting, and further define the cooperation program and giving full play to the resource advantages of both sides. They will work together to help Malaysia build a new momentum of economic recovery and a new model of financial development after the pandemic.
 
Asia Digital Bank was launched by Nanjing Zijin Investment Group Co Ltd, a China state-owned enterprise, and established in Labuan, Malaysia. It was officially granted a digital banking license by Labuan Financial Services Authority (LFSA) in November 2020 and held its online launching ceremony on May 26, 2021. Asia Digital Bank is one of the first licensed digital investment banks in the world to provide a self-financing service system based on blockchain technology, providing global enterprises and individuals with digital asset management and transaction services that are compliant, secure, convenient and efficient while building a global digital asset ecosystem.

SOURCE : Asia Pacific Investment Bank (APIB)

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