Maybank Wants More Chinese Investments

MAYBANK, the largest financial institution in Malaysia with a total asset of more than US$100 billion, sets its sights on more foreign investments from China as Chinese Premier Wen Jiabao will visit Malaysia tomorrow. Abdul Wahid Omar, Maybank president and CEO, said yesterday in Kuala Lumpur that the visit would pave the way for a more open market. "We have been investing our time and effort in promoting Chinese fund managers to come and look at Kuala Lumpur," Abdul Wahid said. During Wen's visit, a series of cooperation deals may be signed, spanning from education and trade cooperation to banking, between the two countries.

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