SHAH ALAM: The protests in Hong Kong are not expected to adversely affect trade in the territory and investments in Malaysia is expected to continue as usual.
Former chief executive of Hong Kong, Leung Chun Ying said the island territory was confident of maintaining its investments overseas and was looking at various investment opportunities in Malaysia including in the halal food sector.
Leung, now the vice-chairman of the National Committee of the Chinese People's Political Consultative Conference, said he believed Hong Kong was resilient and would overcome what was happening there at the moment.
Speaking to the media after leading the Hong Kong delegation to a dialogue session between the Selangor government and the Hong Kong Chinese Importers and Exporters Association here today, Leung said he did not think the protest would affect its trade.
“We are confident of not just maintaining our investments. There are many irons in the fire,” he said when asked how the protests had affected it economically.
“I don’t think the protest will affect trade. There is a need to tackle everyone who breaks the law. We have rule of law in Hong Kong with an independent judiciary.
“Whoever and whatever their motives are, they will be brought to justice.”
He said Hong Kong was an international financial services centre, international trade centre and also a transportation centre, being in the top 10 list of the busiest ports in the world.
Leung said that although the number of containers it handled had reduced, it was now providing more value added services such as maritime insurance and related financial and legal services.
Meanwhile, in his welcoming speech earlier, Selangor Menteri Besar Amirudin Shari said Selangor recorded the highest investment among the states and contributed almost 24 per cent to Malaysia’s gross domestic product last year.
He said it had risen progressively over the years.
“It shows that Selangor is the most urbanised state in the country and offer a business-friendly environment in terms of infrastructure and, information and communications technology facilities.”
Amirudin said Selangor also hoped to attract investments worth RM10 billion this year, adding that as of June, investments stood at RM6 billion.
“This has given us the confidence that we can achieve the target of RM10 billion or more by the end of this year,” he said.
State investment, industry and trade and small and medium industries executive councillor Datuk Teng Chang Khim, who led the dialogue session, said it was the best platform to attract investors from Hong Kong to invest in Selangor.
He said investments in Selangor from China hit RM 3.98 billion last year while investments from Hong Kong stood at about RM1 billion.