For Press

20/09/2017

AIFC was presented to Kazakhstani and foreign media

Today the Governor of “Astana” International Financial Centre Kairat Kelimbetov presented development plans of the financial centre to Kazakhstani and foreign media at the press centre of the Government of Kazakhstan.

Speakers from AIFC covered all main strategic directions of financial centre.

The AIFC was established on the initiative of the President of the Republic of Kazakhstan Nursultan Nazarbayev, the creation of the AIFC is part of the "100 Concrete Steps" National Plan to implement the five institutional reforms.

The special status of the AIFC is legally enshrined in the Constitution and Constitutional Law of the Republic of Kazakhstan.

For the first time in the CIS, a special jurisdiction with its own legal framework based on the principles of English commercial law and the standards of the world's leading financial centres (London, New York, Hong Kong, Singapore, Dubai, and etc.) will function within the framework of the AIFC.

There will be a new world standard high-tech exchange infrastructure in the AIFC territory. The AIFC Exchange will become the main platform for privatization of the SWF “Samruk-Kazyna” JSC companies.

The AIFC will be based on the following strategic pillars: capital markets, asset management, private banking, Islamic finance, financial technologies (fintech), and green finance.

The Governor of AIFC Kairat Kelimbetov and the speakers of financial centre explained in detail the goals and tasks of the AIFC and answered all the questions of mass media.

Reference

AIFC. In December 2015 President of the Republic of Kazakhstan Nursultan Nazarbayev signed the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre of financial services. For the first time in the post-Soviet region, a British common law framework will be introduced in the AIFC. English shall be the official language of the AIFC. The objectives of the AIFC are to attract investment into the economy of the Republic of Kazakhstan through the establishment of an attractive environment for investment in financial services, to develop local capital markets, ensuring their integration with the international capital markets, and develop markets for insurance and banking services and for Islamic financing in the Republic of Kazakhstan.