Stockbrokers and fund managers, no matter how they style themselves, are short-term investors based on long-term views. Investors with short-term views are called speculators.
I do not understand why the Prime Minister of Malaysia has to go to Hong Kong to talk to stockbrokers and fund managers about the New Economic Model for Malaysia. It is none of their business.
The rightful audience for the NEM are the local people, the citizens of Malaysia, who must be convinced that the NEM is the best thing that can happen to Malaysia and Malaysians such that the NEM will create the greatest confidence and pride that the people of Malaysia can have in their own country - so much so that they will sink in all that they have - the wealth their parents left them (if any), the wealth they have made in Malaysia, the wealth they have made abroad, their current savings, and their current efforts - and build on what we have new structures and systems that will improve social and economic life in Malaysia.
The last thing you want to do with the NEM is to convince short-term investors and speculators in Hong Kong that Malaysia is the place for you to take a quick punt - of at most nine months - by ordering that government agencies cut down on their holdings of listed companies so that these foreigners can do that punt.
I think the Prime Minister is being ill-advised in this case to pander to these opportunist investors. What we want in Malaysia are proper investors who will sink in their capital into machinery and work to produce output to serve the world.
In this world of excessive liquidity, liquidity is not the problem for the economy. It is the lack of good ideas for real investment in Malaysia that is hampering Malaysia from getting out of the middle-income trap into a high-income economy. It is the unwillingness to do the hard work of building a business that is the problem.
If you then mix in politics along racial ground, then you really are caught in a mental trap that is dragging down the economic strength and resolution.