KUALA LUMPUR, July 5 — The founder of Country Heights Holdings Bhd, Tan Sri Lee Kim Yew has established Golden Horse Investment Bank to ensure that Malaysia can ride on the China’s economic trend and act as a convergent point between China and Western countries.
He said, China has gone through 40 years of reform and opening up and has successfully transformed from a Just Made in China to smart manufacturing in China.
“The country has also done a good job in the prevention and control of the recent Covid-19 pandemic. This shows that the China’s people-oriented socialist economic route is successful,” he said in a statement recently.
He added, China’s RMB is moving towards digitalization and it is foreseen that the digital RMB will become the mainstream currency in the future.
“The bank will create a more forward-looking change in the financial system which allows people to move from the traditional world of fiat money to the world of cryptocurrency,” he said.
Lee said, through the blockchain technology, it can provide unprecedented liquidity for assets such as cash, stocks, property, and antique collections.
“Blockchain technology is not only to provide solid digital currency, but also to chain and connect various industries to form a more efficient, transparent and equitable trading market that can propel the market economy towards a mature capitalism,” he said.
He said, the cryptographic features of blockchaintechnology, with its immutability and traceability are more reliable from the accounting perspective.
For more information about Golden Horse Investment Bank, call +03-8966 2432 or visit www.ghi-bank.com.
