As such, Labuan IBFC will be taking part in the OBOR roadshows to be held in Beijing, Shanghai and Tianjin from Oct 30 to Nov 5 to promote its position as a mid-shore network centre.
Its Marketing Intelligence and Strategic Communications Director, Farah Jaafar-Crossby said the Labuan IBFC was no stranger to Chinese companies, as it was home to more than 300 companies.
“Labuan IBFC is globally well-regarded as a special business financial zone in Malaysia, and for many Chinese enterprises, it is a hub for their international dealings,” she said in a statement today.
Several Chinese state-owned banks such as the Industrial and Commercial Bank of China Ltd were currently operating from Labuan IBFC.
OBOR is a development strategy proposed by China’s President Xi Jinping, and Malaysia has been part of the initiative since May.