Press Releases

The jurisdiction’s marketing arm launches a China OBOR Roadshow to better highlight Labuan IBFC’s wide array of solutions and structures

Kuala Lumpur, 17 October 2017 – Labuan International Business and Financial Centre, Malaysia (Labuan IBFC) stands ready to assist Chinese businesses looking to internationalise with the aim of benefitting from the ‘One Belt, One Road’ (OBOR) initiative.

“We are excited about the OBOR initiative. The initiative creates great opportunities for Labuan IBFC to mediate regional investment and fund flows, providing the promise of growth to Greater Asia while realising Labuan IBFC’s and Malaysia’s full potential as a regional hub,” said Farah Jaafar-Crossby, Director, Marketing Intelligence and Strategic Communications of Labuan IBFC Inc.

The island of Labuan, and Malaysia has historically been an essential port of call in the ancient silk road given its strategic location within the Asian region. Today, Labuan IBFC is a globally well-regarded as a special business financial zone in Malaysia, and for many Chinese enterprises it is a hub for their international business dealings.

Farah added: “Labuan IBFC is no stranger to Chinese companies as it is home to more than 300 companies directly originating from China and the number of Chinese related entities is even higher. For example the leasing arm of Ping An and China Aircraft Leasing Group Holdings Limited are domiciled in Labuan IBFC. There are also large Chinese state-owned banks such as Industrial and Commercial Bank of China Limited (ICBC) already operating in Labuan IBFC.”

To further drive the Labuan IBFC message, Labuan IBFC Inc, the marketing and promotional arm of the midshore centre, will be on a Labuan IBFC-China OBOR roadshow in Beijing, Shanghai and Tianjin from Oct 30 to Nov 5.

“Our roadshow in China will be fairly comprehensive, covering events and high level business meetings deliberating on the various business structures and solutions available for Chinese entities in Labuan IBFC. We are also hosting a bespoke event in Shanghai and this complimentary event is catered specially to Chinese corporations and individuals to learn about Labuan IBFC as their international fund raising projects and investments,” Farah said.

Prior to the Masterclass, Labuan IBFC Inc will be in Beijing for the Private Banking and Family Office Summit and the China Offshore Summit in Shanghai. Additionally, the team will be in Tianjin for the Jing-Jin-Ji International Insurance Forum 2017 that caters specifically for Chinese risk managers and practitioners.

Senior representatives from Labuan Financial Services Authority, Labuan IBFC Inc and Labuan-based intermediaries will also be available for meetings at the respective venues in China. To meet any of these representatives, please email events@libfc.com

For more information, please visit www.labuanibfc.com

MEDIA CONTACTS:
LABUAN IBFC
Audrey Liew
audrey@libfc.com
Tel: +603 2773 8975 
Mobile: +6012-913 8979
Geraldine Lim
geraldine@libfc.com
Tel: +603 2773 8991 
Mobile: +6012-253 8666
ABOUT LABUAN IBFC
 
ASIA PACIFIC’S MIDSHORE INTERNATIONAL BUSINESS AND FINANCIAL CENTRE
 
Labuan International Business and Financial Centre (Labuan IBFC) offers global investors and businesses the benefits of being in a well-regulated midshore international business and financial centre, which provides fiscal neutrality and certainty, in addition to being an ideal location for substance creation.
 
Located off the North West coast of Borneo, Labuan IBFC provides access to Malaysia's network of more than 80 double taxation agreements and boasts Asia’s widest range of business and investment structures for cross-border transactions, international business dealings and wealth management needs.
 
Well-supported by a robust, internationally recognised yet business-friendly legal framework, Labuan IBFC operates within clear and comprehensive legal provisions and industry guidelines, enforced by its single regulator, Labuan Financial Services Authority.
 
With a focus on enabling cross-border transactions, providing risk management structures, Islamic financial services, commodities trading incentives and wealth management vehicles, we offer solutions to regional businesses going global or global businesses looking at penetrating Asia’s burgeoning markets.
 
Labuan IBFC also serves as a hub for Islamic finance, especially in the areas of Sukuk issuance and listing, takaful and re-takaful, Shariah-compliant captive structures and Islamic trusts and foundations.
 


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