Malaysia is located in the center of Southeast Asia, guarding the Strait of Malacca, connecting the maritime ASEAN and the land ASEAN, and has obvious geographical advantages. With a well-developed expressway network and eight international airports, 95% of trade is carried out by sea, and the major international ports include Port Klang, Penang Port, Johor Port, Tanjung Berebas Port, Kuantan Port, Gammapan Port and Binturu Port. The country covers an area of 330,000 square kilometers and has a population of about 32.4 million.

In 2021, Malaysia's gross domestic product (GDP) was RM1,545.4 billion (about US $348.3 billion), with a GDP growth rate of 3.1% and a GDP per capita of RM47,260 (about US $11,000).

In recent years, the bilateral trade volume between China and Malaysia has exceeded 100 billion US dollars. In 2022, the bilateral trade volume between China and Malaysia reached 203.6 billion US dollars, an increase of 15.3% year-on-year. Malaysia is China's second largest trading partner in ASEAN, while China is Malaysia's largest trading partner, the largest source of imports and the largest export destination. Malaysia has a broad retirement market prospects, in the 2018-2019 "International Living" magazine's "Global Livable retirement countries" selection, Malaysia for two consecutive years ranked first in Asia and fifth in the world. Malaysia, the most suitable retirement destination in Asia, has a pleasant climate, superior international medical level, and connected culture, which opens the door for Chinese retirees.

Malaysia is facing the problem of an ageing population, and the latest statistics predict that Malaysia will become an ageing population by 2030, with 4.6 million people aged 60 or above, accounting for 15.3% of the total population. Therefore, the healthcare industry (hospital, home care, telemedicine, medical device and drug research) is expected to be a hot industry, with the market forecasting that total healthcare spending in Asia will exceed US $4 trillion by 2024. Healthcare industries such as health management, health care, home care and telemedicine are expected to be hot industries in Malaysia in the next 10 years.

[Exhibition background]

Since 2015, the Selangor Government of Malaysia has hosted the first "Selangor International Business Fair", which has now grown into the "Selangor International Business Summit" of a higher scale and level.

The Selangor International Business Summit is organised by the Selangor Government of Malaysia, jointly organised by the State government-owned Investment Selangor BHD and the Selangor Ministerial Agency, and is accredited by the Foreign Trade Development Council under the Malaysian Ministry of International Trade and Industry. The Selangor International Business Summit has become the main platform for companies to expand their business in Malaysia and ASEAN countries. After years of rapid development, the Selangor International Business Summit has become an active activity for companies in Selangor and even Malaysia.

The Selangor International Business Summit 2022 was an unprecedented success, with 906 exhibitors from 60 countries achieving outstanding results, attracting 44,000 + visitors to the show and reaching an intended transaction volume of RM1.45 billion, approximately US $327 million. A series of summit forums, elite dialogues and thematic discussions were held at the same time to further enrich the harvest of exhibitors in their respective fields.

Selangor International Business Summit 2023 will continue to be held at the most prestigious Kuala Lumpur Convention and Exhibition Centre in Malaysia, The summit will be held in tandem with the Malaysia International Aged Care Industry Expo 2023 (Aged Care), the Selangor International Expo (Food), the Selangor International Expo (Medical), the Selangor ASEAN Business Forum, the Selangor Smart City & Digital Economy Conference and the Selangor R&D & Innovation Expo. The Selangor International Business Summit 2023 will continue to enhance the quality of all concurrent events for exhibitors, professional visitors and buyers.

From October 19 to 22, 2023, the organizing committee of China International Pension and Health Industry Expo will hold the Malaysia International Pension and Health Industry Expo during the 2023 Selangor International Business Summit, and hold the China-Malaysia pension industry supply and demand matchmaking meeting at the same time, organize domestic pension industry related enterprises and institutions to participate in business visits, and jointly promote the international pension industry exchanges.

[Exhibition highlights]

2023 Selangor International Business Summit and Malaysia International Elderly Care and Health Industry Expo have been included in the 2023 "Guangdong Trade Global" Guangdong goods overseas exhibition platform list. Exhibitors are included in the scope of local exhibition support policies and support according to local standards.

01 Leading industry events hosted and fully supported by the Selangor Government

02 More than 5,000 industry professionals were invited to the event

03 A platform to explore the latest technologies, trends and business opportunities

04 Expand your business with specially planned industry events

[Exhibition subsidy]

In order to implement the work deployment of the provincial Party Committee and the provincial government, accelerate the cultivation of new advantages in international competition, strengthen efforts to encourage and guide enterprises in our province to use the exhibition platform to go out and explore diversified international markets, help enterprises grab orders, stabilize the market, and promote the high-quality development of foreign trade in our province, The Department of Commerce of Guangdong Province has selected a number of offline and online exhibition platforms as the "Guangdong Trade Global" overseas exhibition platform for Guangdong commodities to be built in 2023.

2023 The Malaysia International Pension Health Industry Expo held during the Selangor International Business Summit has been included in the global subsidy of Guangdong Trade, the enterprises registered to participate in the Malaysia Pension Exhibition enjoy the exhibition subsidy, the welfare quota is limited! Enterprises that want to participate in the exhibition should hurry to register.