{"id":25808,"date":"2024-03-22T03:56:00","date_gmt":"2024-03-22T03:56:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4367329_AE67329_0"},"modified":"2024-03-22T03:56:00","modified_gmt":"2024-03-22T03:56:00","slug":"labuan-ibfc-inc-unveils-labuan-ibfc-china-desk-to-facilitate-cross-border-ventures","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=25808","title":{"rendered":"Labuan IBFC Inc. unveils Labuan IBFC China Desk to facilitate cross-border ventures"},"content":{"rendered":"<br \/>\n<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1588953\/LIBFC_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>Platform is aimed at fostering bilateral trades, investments and business expansion&nbsp;<\/i><\/p>\n<p><span class=\"legendSpanClass\">LABUAN, <span class=\"xn-location\">Malaysia<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 22, 2024<\/span><\/span> \/PRNewswire\/ &#8212; Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.), the official promotional and marketing agency for Labuan International Business and Financial Centre (Labuan IBFC) has established the Labuan IBFC China Desk.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<\/p><\/div>\n<p><span class=\"xn-location\">China<\/span> has remained <span class=\"xn-location\">Malaysia&#8217;s<\/span> top trading partner for the last 15 consecutive years, with bilateral trade between both countries reaching a record high of <span class=\"xn-money\">USD156 billion<\/span> in the first ten months of 2023. The recent mutual waiver of visa requirements between <span class=\"xn-location\">Malaysia<\/span> and <span class=\"xn-location\">China<\/span> creates a more conducive environment for people-to-people exchanges and cooperation between <span id=\"spanHghltcafe\">both<\/span> countries.<\/p>\n<p>The financial services sector <span id=\"spanHghlt2071\">is a key driver<\/span> for economic development, <span id=\"spanHghlt3d90\">and as such<\/span> Labuan IBFC aims to support economic and trade exchanges <span id=\"spanHghlt1226\">as well as<\/span> cooperation to promote bilateral trade, investment and cross-border business development between <span class=\"xn-location\">Malaysia<\/span> and <span class=\"xn-location\">China<\/span>.<\/p>\n<p>As <span class=\"xn-location\">Malaysia<\/span> and <span class=\"xn-location\">China<\/span> commemorate the 50th anniversary of the establishment of diplomatic relations in 2024, and with the China-Malaysia Comprehensive Strategic Partnership entering its 11th year, the timing for this move could not be more opportune. Similarly, <span class=\"xn-location\">China<\/span> is also a strategic market for Labuan IBFC, with a focus <span id=\"spanHghlt5cde\">on positioning<\/span>&nbsp;Labuan IBFC as a regional gateway to facilitate investments and business expansion into <span class=\"xn-location\">Malaysia<\/span> and beyond.<\/p>\n<p><span class=\"xn-person\">Datuk Iskandar Mohd Nuli<\/span>, Executive Chairman cum CEO of Labuan IBFC Inc. expressed his optimism about the establishment of <span id=\"spanHghlt68da\">the<\/span> Labuan IBFC China Desk, commenting, &quot;The time is ripe for Labuan IBFC to establish the Labuan IBFC China Desk to facilitate Chinese companies&#8217; entry into the region for investments and business expansion.&quot; He further elaborated, &quot;Ultimately, Labuan IBFC will serve as a gateway to promote bilateral trades, investments and cross-border business expansion between <span class=\"xn-location\">Malaysia<\/span> and <span class=\"xn-location\">China<\/span>, as well as with the rest of the region.&quot;<\/p>\n<p>The implementation of the Labuan IBFC China Desk is based on a four-pronged approach. The establishment of the desk firstly, and crucially allows for focused development and implementation strategies that suit the Chinese market. The second approach will focus on collating <span class=\"xn-location\">China<\/span>-specific market trends and developments to better serve the evolving needs of Chinese investors.<\/p>\n<p>Recognising the significance of <span class=\"xn-location\">China&#8217;s<\/span> unique business culture and language, having a dedicated team with expertise in the Chinese language, culture and business practices is a key third strategy. This ensures seamless communication and fosters mutual understanding, essential for conducting business effectively. Lastly, the Labuan IBFC China Desk will seek to cultivate relationships with Chinese stakeholders, including government agencies and trade associations that are crucial to navigating the Chinese business landscape.<\/p>\n<p>This platform aims to enhance facilitation, communications and support to strengthen the business relationship between Labuan IBFC and Chinese businesses, ultimately <span id=\"spanHghltbfd0\">fostering<\/span> the development of local Labuan talent, creating new opportunities for industry advancement, and facilitating high-level strategic cooperation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Platform is aimed at fostering bilateral trades, investments and business expansion&nbsp; LABUAN, Malaysia, March 22, 2024 \/PRNewswire\/ &#8212; Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.), the official promotional and marketing agency for Labuan International Business and Financial Centre (Labuan IBFC) has established the Labuan IBFC China Desk. China has remained Malaysia&#8217;s top trading partner [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-25808","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Labuan IBFC Inc. unveils Labuan IBFC China Desk to facilitate cross-border ventures - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=25808\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Labuan IBFC Inc. unveils Labuan IBFC China Desk to facilitate cross-border ventures - My Blog\" \/>\n<meta property=\"og:description\" content=\"Platform is aimed at fostering bilateral trades, investments and business expansion&nbsp; LABUAN, Malaysia, March 22, 2024 \/PRNewswire\/ &#8212; Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.), the official promotional and marketing agency for Labuan International Business and Financial Centre (Labuan IBFC) has established the Labuan IBFC China Desk. 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