Khazanah to forge long-term bond with China

Datuk Shahril Ridza Ridzuan says Khazanah has a long history of investing in China and now it is looking at new techlogies, e-commerce, artificial intelligence, new media etc.

KUALA LUMPUR: Khazanah Nasional Bhd wants to a forge long term bond with China in investments, says Datuk Shahril Ridza Ridzuan.

Speaking at a China conference on Wednesday, he said Khazanah has a long history of investing in China and now it is looking at new techlogies, e-commerce, artificial intelligence, new media etc.

"From the goverment point of view, we view our relationship with China as important. We need to build a new network of friends, partners and investors. 

"Going forward, Khazanah wants to forge a long term bond with China to capture investment opportunities in the hugely populated country," said the new Khazanah chief, who was heading EPF previously.

Shahril noted that China investments are coming into Malaysia in various sectors and Alibaba is keen to replicate its businesses in Malaysia.

"For Khazanah, we see markets in China which are multi folds in size... we are looking at how much more we can do in China. Our focus will be on new economy, digital media and technology."

Shahril encourages Malaysians to go to China to find the right partners and technologies for investment.

"You can always find the right investments there," he said.

Responding to a question that China's economy is slowing, Shahril said China is a more matured economy now and hence Khazanah expects higher risk but higher returns.