It was a good idea to allow China sovereign wealth funds to set foot in Malaysia, a prominent Malaysian banker said in Kuala Lumpur on Wednesday.

Nazir Razak, chief executive of the Commerce International Merchant Bank (CIMB) Group, made this remark after the opening ceremony of the Bumiputra-Commerce Building.

CIMB was incorporated in Malaysia in 1974 and headquartered in the capital Kuala Lumpur.

The group's operations encompass a well-established consumer bank, a premier regional investment bank and an Islamic bank with more than 25,000 employees.

Nazir said he was in favor with transactions alike as the China funds would create greater connectivity to China which was going to be the largest by 2030 to 2035.

As Malaysia was open to receiving investments by strategic players, he would be surprised should there be any resistance, added Nazir.

(Xinhua News Agency September 9, 2009)