The 1st Wave: China Chinese came in the 15th century.
The 2nd Wave came in the 19th century.
They are now coming again. This is the 3rd Wave. The come under the MM2H scheme, as tourists and students, and to work in the Oldest Profession (prostitution)…
And when Jack Ma sets up Alibaba, expect more China Chinese to arrive…
8 March 2018
Chinese Malaysian loyalty under spotlight as China flexes muscle
BANGI, March 7 — With China’s expanding its influence into South-east Asia, there is renewed concern among some Malay-Muslim activists over the allegiance of Malaysia’s ethnic Chinese citizens.
These activists suggested that Chinese Malaysians still harbour sympathy and even loyalty towards the republic even though they have set down roots here.
According to Abdul Rahman Mat Dali, the deputy president of Islamist group Ikatan Muslimin Malaysia (Isma), it is only natural for Chinese Malaysians to feel a connection with China.
“Humans cannot run from a sense of belonging, of tribalism, the social connection. Which means, if they do not feel it, there is something wrong with them.
“For Chinese, surely there is the connection, it is natural,” he told a press conference after launching the book titled Pen’China’an Malaysia (The Sinicisation of Malaysia) here today.
In its book on “Sinicisation” — which refers to the process of non-Chinese societies getting influenced by China, especially its culture — publisher Interdisciplinary Research and International Strategy (IRIS) Institute claimed that China is using its diaspora as a tool to increase its influence in Malaysia.
The research outfit wrote in a chapter that the republic has targeted Chinese organisations and political parties to implement its strategy, by offering aid, training and incentive in aspects of economy, education, culture, media and politics.
Despite that, it admitted that the strategy is facing difficulties since the Sino community here, on average, views China negatively.
The concern was also brought up during a forum after the launch, with Datuk Sirajuddin Salleh, the deputy president of Malay rights group Perkasa expressing his worry that the Chinese may even overpower the majority Malays soon.
“The thinking of the Chinese is stereotyped. So I make the conclusion that the Chinese in China, and those here all think the same.
“We have seven million Chinese here, four million in Singapore, six to seven million in Thailand. Are they not united?” he said during a question-and-answer session.
Read more at http://www.themalaymailonline.com/malaysia/article/chinese-malaysian-loyalty-under-spotlight-as-china-flexes-muscle#XlAeArMo3X2FZIHC.99
2 February 2018
1 February 2018
Jalan Qinzhou, di Gebeng sudah lama dipasang MPK
KUANTAN – Majlis Perbandaran Kuantan (MPK) sudah menaikkan papan tanda bagi nama Jalan Qinzhou, di Taman Perindustrian Malaysia-China Kuantan (MCKIP)Gebeng di sini sejak setahun lalu.
Ketua Seksyen Perhubungan Awam MPK, Izad Zainal Muhammad Safian berkata, malah nama bandar Kuantan akan turut tercatat disebuah jalan di Qinzhou, China selepas persetujuan bersama diadakan bagi program Bandaraya Persahabatan antara MPK dan Datuk Bandar Qinzhou, dua tahun lalu.
Menurutnya, papan tanda tersebut akan dinaikkan selepas kunjungan rasmi pihak MPK ke Qinzhou, China dan ia juga salah satu cara untuk menarik lebih ramai pelabur dari China, sekaligus mempromosikan Kuantan sebagai destinasi pelancongan terkemuka di Malaysia.
“Persetujuan ini dicapai kedua-dua pihak menerusi kerjasama Program Bandaraya Persahabatan.
Pada ketika itu, Datuk Zulkifli Yaacob adalah Yang Dipertua MPK.
“Saya difahamkan mereka setuju menamakan satu jalan sebagai Kuantan Street di bandar itu (Qinzhou, China) dan kita juga akan melakukan perkara sama sebagai tanda persahabatan,” katanya ketika dihubungi Sinar Harian di sini, hari ini.
Report: Malaysia is top pick for retiring Chinese expats
KUALA LUMPUR, Feb 1— More Chinese expatriates are making Malaysia their retirement destination, drawn by investment opportunities here primarily in the real estate sector.
According to the South China Morning Post, over 1,000 Chinese nationals signed up in 2016 for the Malaysia My Second Home (MM2H) programme, which grants a 10-year retirement visa for applicants with a minimum income of RM10,000 a month.
According to Andy Davison, the owner of Borneo Vision, a company that advises and assists foreigners with MM2H services, most Chinese applicants became interested in the programme after China invested heavily into several major developments in Malaysia.
“Many [Chinese] have applied for the visa but they haven’t actually relocated here,” he was quoted as saying.
“And then some of the Malaysian property developers have gone to China and offered to arrange visas for people if they buy properties. So a lot of it is linked to property investment,” Davidson added.
KL-based realtor Nick Ho said the lower ringgit could also be regarded as a factor for this scenario.
“A lot of them (Chinese) actually purchase units (properties) in cash,” he was quoted as saying.
He said most of his clients were particularly interested in Forest City and Country Gardens projects in Johor as they were greatly promoted in China.
1 August 2017
Najib accused of selling country with rush of China money
CHINA is seeking to strengthen its presence in Southeast Asia by investing billions into the building of a new deep-sea port in Malacca, targeting Chinese and international seafarers travelling along the Straits of Malacca.
The US$10 billion (RM43 billion) Melaka Gateway aims to overtake Singapore as the largest port in the region, and is the result of an alliance between Kuala Lumpur and Beijing – which has invested US$7.2 billion into the project – to increase bilateral trade and boost shipping and logistics along China’s Maritime Silk Road, said a report by Bloomberg.
But China’s economic alliance with Malaysia has not been confined to the redevelopment of the Malacca port.
In November, Prime Minister Najib Razak brought home US$33.6 billion in deals when he visited China – the biggest haul yet between the countries – plus an agreement to buy four patrol boats from China.
Chinese companies also accounted for nearly half the total value of projects by foreign contractors in construction projects in Malaysia in 2015.
The rush of Chinese investments in Malaysia, which have risen substantially since Xi Jinping took power in 2012, has been hailed by Najib as the key to building up world-class infrastructure in Malaysia, but analysts said the closeness between the two nations raises questions of sovereignty and growing Chinese influence in politics.
“The closeness with China is an Achilles heel for Najib,” said Mustafa Izzuddin, a fellow at the ISEAS-Yusof Ishak Institute in Singapore.
“While investment coming in will balloon government coffers and boost the economy, the opposition is using the China card to criticise the government for becoming too close to China and accusing it of selling Malaysia’s sovereignty,” he told Bloomberg.
China has been Malaysia’s largest trading partner since 2009, displacing Singapore, with two-way trade valued at US$83.4 billion. China is Malaysia’s biggest export market.
“There are perceptions that Najib is being bought by the Chinese,” said Bridget Welsh, a political scientist at John Cabot University in Rome and author of “The End of UMNO? Essays on Malaysia’s Dominant Party.
7 May 2017
7 May 2017
Chinese deals in Malaysia under scrutiny
China’s growing involvement in Malaysia has been praised and panned in recent years. The Sunday Times looks at how its widening presence is drawing increasing attention in the first of a two-part series. Tomorrow, why the promise of new ports in Malaysia with help from China may not materialise.
Prime Minister Najib Razak was slated to make a landmark visit to the Bandar Malaysia site, at the edge of downtown Kuala Lumpur, last Wednesday – the same day the deal was aborted.
Signs of trouble came just hours before Datuk Seri Najib was expected to arrive, when the owners of the RM150 billion project began receiving calls from VIPs asking if the 5pm event was cancelled.
This was the first time even senior executives at TRX City had heard about such a possibility that would see hundreds of thousands of ringgit wasted on a lavish non-event. A TRX City staff member told The Sunday Times: “We heard about it only from external parties. My colleagues were at a loss for words.”
Later that evening, the firm announced that the sale of 60 per cent of Malaysia’s signature 197ha township had been scrapped.
Later that evening, the firm announced that the sale of 60 per cent of Malaysia’s signature 197ha township had been scrapped.
The joint venture firm, made up of Malaysia’s Iskandar Waterfront Holdings (IWH) and China Railway Engineering Corp (CREC), is contesting the government claim that it failed to pay up according to an agreed schedule, despite getting more than 10 extensions.
This deal was to be the flagship Malaysia-China partnership, having been brokered at the government-to-government level, like many other projects aimed at boosting a stuttering economy.
Its cancellation deflated optimism in recent months of a Chinese investment theme, as investors withdrew from construction and other companies related to this China play on the Kuala Lumpur Stock Exchange.
The Sunday Times understands that other China-linked deals, especially those which have not even reached the stage of legal agreements like the Bandar Malaysia case, are also being held up due to a mismatch in expectations.
5 May 2017
China fund fears creep up in Malaysian market
PETALING JAYA: Fears of companies from China not putting their money in Malaysian government projects, following the surprise cancellation of a deal that would have given a state-owned Chinese firm a stake in the development of the prestigious Bandar Malaysia project, caused sentiment on Bursa Malaysia to go south.
It came hot on the heels of the Ministry of Finance Inc (MoF) calling off the deal to jointly develop Bandar Malaysia with a consortium called ICSB comprising Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC).
Stocks related to Tan Sri Lim Kang Hoo, who is the majority shareholder of IWH, particularly took a beating. Ekovest Bhd hit limit down in early Thursday trade to RM1.01, but subsequently recovered. It closed 26 sen down to RM1.17 on a volume of 230.13 million shares.
Trading in Iskandar Waterfront City Bhd (IWC) shares is suspended for two days following this development, and will resume on Monday, May 8
Both IWH and IWC are controlled by Lim. IWH is to take over the listing status of IWC via a corporate exercise that should be announced today. IWC will resume trading at 9am on May 8.
Panic selling is expected on IWC when it reopens. Indications on Thursday morning prior to IWC’s suspension was that the stock would open at limit down level, which is 30% lower. The stock closed Wednesday at RM3.08.
Meanwhile, the construction index was the biggest loser of the day, down 1.88% to 341.84. The broader market was down 13.84 points to 1,758.67 on a volume of 3.45 billion shares. Overall, there were some 824 losers compared to 185 winners and 294 unchanged counters.
On Wednesday evening, TRX City Sdn Bhd, an entity under MoF, stated that the share sale agreement (SSA) governing the development of the 486 acres of land in Sungai Besi had lapsed because ICSB had failed to meet the payment obligations despite having been granted repeated extensions.
Following the termination of the agreement, the MoF through TRX City, owns 100% of Bandar Malaysia, the statement said.
Reports stated that the ICSB consortium had been given more than 12 extensions to complete the payment of the first 10% amounting to RM741mil. It is learnt that the consortium had already paid up RM200mil.
However, a source close to IWC said that the conditions precedent to complete the deal were only fulfilled yesterday and that the payment would only come later.
TRX City said it would immediately invite expressions of interest for the role of master developer of Bandar Malaysia to ensure that the Malaysian people benefit from its development in its entirety.
UOB KayHian research head Vincent Khoo said that the announcement by TRX City not only created a potential panic selldown on IWC, which was scheduled to soon sign a definitive agreement to merge with sister company IWH, but could also dampen the broader market sentiment and reverse positive foreign equity inflows into Malaysia.
“Now, there is the perceived implications on political uncertainty, ‘murkiness and reliability’ of government deals, and dampened sentiment of the Chinese foreign direct investment theme in Malaysia.
“This potential u-turn in sentiment could halt or reverse the strong year-to-date foreign equity inflow into Malaysia, and hence, the ringgit’s recent uptrend.
“Hence, we foresee a period of risk-off, marked by profit-taking on the many concept stocks which have gone ballistic year-to-date,” said Khoo in his report yesterday.
Nonetheless, despite this negative development, the merger between IWC and IWH is expected to continue. A definitive agreement is expected to be signed today.
27 March 2017
The 3rd wave of Chinese migrants: Rich and happy
PETALING JAYA: The movement of thousands of people from China to Malaysia under the Malaysia My Second Home (MM2H) programme is a big part of a “third wave” of Chinese migration to the country, The South China Morning Post reported.
According to SCMP, aside from MM2H, there are also a sizeable number of foreign workers in the country, with some of them working here illegally.
In a special report, the Hong Kong-based daily focused on those who had come here under the MM2H. They comprise people of different age groups and who had settled in Malaysia, particularly Penang and Kuala Lumpur.
Some are retired while others are just wanting to bring up their children in a healthier environment, taking into consideration the busier lifestyle and heavy pollution in many major cities in China.
Top property investors in M’sia past three years from China
Mainland Chinese groups have emerged as the top property investors in Malaysia, with US$2.1 billion (RM9.25 billion) of completed transactions over the last three years.
Singapore’s Financial Times reported that this was in comparison with US$985 million (RM4.34 billion) invested by Singaporean companies over the same period.
The report quoted figures from Real Capital Analytics, which was based on completed transactions of US$10 million and above.
According to the report, Malaysia emerged as a favoured destination for mainland Chinese investors seeking a cheaper alternative to Australia and Hong Kong.
It further stated that Singapore has traditionally been one of the biggest outbound real estate investors in Asia and the biggest foreign investor in Malaysia, but China has stepped up its investment at a time when warmer political ties between Beijing and Kuala Lumpur have eased commercial relations.
The rise in Chinese investments in Malaysia’s property market can be seen across the causeway from Singapore, where the Forest City development project is being built on 1,400ha of reclaimed land.
Project developer Country Garden had previously said the first phase of apartments at Forest City, marketed almost exclusively to buyers from China, will be completed by the end of this year.
The FT report also noted that close economic ties between Malaysia and China were underlined this week when online trading giant Alibaba Group announced it would set up a regional logistics hub near Kuala Lumpur airport.
The logistics hub was a part of a digital free trade zone launched by Prime Minister Najib Abdul Razak and Alibaba founder Jack Ma.
19 March 2017
Alibaba to launch regional distribution hub in Malaysia
Alibaba executive chairman Jack Ma and Malaysian Prime Minister Najib Razak are expected to announce the plans at an
KUALA LUMPUR, March 26 — Almost 8,000 Chinese nationals have emigrated to Malaysia since 2002, dubbed the “third wave” of Chinese migration, the South China Morning Post (SCMP) reported.
The attraction of the Nanyang today
Simon Thong added,
The MM2H Scheme
Although Malaysia has a history of mistreating migrants, particularly refugees and foreign workers, those under the MM2H scheme are considered “expats”, an elite, high-earning group.
The scheme allows successful applicants largely unrestricted travel into and out of Malaysia as well as various incentives and tax exemptions. However, it comes with stringent eligibility criteria as well: liquid assets of 350,000 Malaysian ringgit (HK$615,000) to 500,000 ringgit, fixed deposits and a minimum price cap on purchasing property so as to curb speculation.
26 March 2017
Why are Chinese moving to Malaysia by the thousands?
With an election looming, the country’s often fraught race relations are as complicated as ever, but that hasn’t dented its appeal to a ‘third wave’ of immigrants from China
Paul Ying Qian, 32, first tried durian when he was 10 years old in his home town of Hunan ( 湖南 ), China. A family friend had sent his mother the pungent fruit, which the whole family enjoyed. Paul tried durian again when he was studying in Australia, but it was expensive and didn’t match the taste in his memory.
Now he lives in durian-obsessed Malaysia, but it isn’t the fruit that brought him here. It was the temperate weather, cleaner air and mix of Asian values and Western infrastructure. “It’s easy to join in the culture here, and not feel like a total outsider. The different races get on well, and it’s quite near China – much nearer than Australia. The education is good, and the country maintains its traditional face while also experiencing development. Back home the seasons are very dramatic with extremely hot summers and very cold winters. Malaysians are very friendly. I feel this is a good place for my next generation.”
Paul, who gained his residency through the Malaysia My Second Home (MM2H) programme, is one of thousands who have settled under the scheme. He has been here since 2009, and his two children, aged one and three, were born in Malaysia.
“I travel between here and China, spending about four months a year in my home town Wuhan (武漢) to take care of the family business. My wife Sophy stays in Malaysia with the kids,” he said.
This influx of Chinese migration comes at a time when Malaysia’s often fraught race relations are more complicated than ever, with a general election – always a good time for race to be made a political football – looming. In 2015, a pro-Malay protest with anti-Chinese sentiments drew the ire of Ambassador Huang Huikang, who said China would not ignore “infringement on China’s national interests or violations of legal rights and interests of Chinese citizens and businesses”, reported the media.
For the rest of the article: