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The delegation of the Astana International Financial Centre visits the People's Republic of China

From 3 to 5 November 2016, a delegation of the Astana International Financial Centre visits the People's Republic of China to meet with the Chinese financial institutions representatives. 

The delegation participated in SIFL Annual Conference 2016: Learning Lessons as Retrospect and Prospect organized by Hongru Financial Education Foundation, Shanghai Institue of Law and Finance and Reinventing Bretton Woods Committee.

The delegation met with Deputy Chairman of the Chinese People's Political Consultative Conference – Chairman of the Silk Road Planning and Research Center Yuan Chen. The Research Center was established as part of implementation of One Belt, One Road initiative. The representatives of the financial organizations of China, such as China Development Bank, the Association for Financial Development of China and Silk Road Fund, attended the talks.

The sides discussed the issues regarding licensing, regulation and formation of a regulatory-legal framework of financial centres, as well as the ways of interaction and attraction of banking institutions of China for their operation in the AIFC territory.

Besides, Kairat Kelimbetov, Governor of the AIFC met with President of Zhejiang Jumore E-commerce company Ltd. Hongxiang Lu for discussing the ways of development of financial technologies and financial tools as well as effective cooperation in establishment of a platform for promoting interaction between financial institutions of the two countries. Following the talks, the sides signed a Memorandum of Understanding to exchange experience and information in development of financial technologies market.

As part of participation in SIFL Annual Conference 2016: Learning Lessons as Retrospect and Prospect in China, Governor of Astana International Financial Centre Kairat Kelimbetov participated in the main panel session. The session focused on development of China’s economy, the conflicts between long-term reforms and short-term programmes of development, the importance of additional boost of Chinese economy and its impact on other countries’ economies as well as the existing economic barriers and reforms.

During the visit to China, Kairat Kelimbetov met with President of the Shanghai Stock Exchange Hongyuan Huang to continue the dialogue between the AIFC and SSE. The sides are working together on establishment of the AIFC Stock Exchange which will contribute to the development of the region’s capital market and strengthening strategic partnership of Kazakhstan and China.

The AIFC delegation also visited Hangzhou E-commerce Industry Internet Park and familiarized with the activity of the companies operating in its territory, namely Hangzhou Silver Box Baocheng Science and Technology, Ltd., BaozunInc, Ningbo Qi Feng Communications, Hangzhou Weiba Information and Technology Co., Ltd. etc

The agreements reached between  the AIFC and Hangzhou E-commerce Industry Internet Park were mentioned in an appropriate Memorandum of Understanding.



AIFC. In December 2015 President of the Republic of Kazakhstan Nursultan Nazarbayev signed the Constitutional law “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to form a leading international centre of financial services. For the first time in post-Soviet region 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 through the establishment of an attractive environment for investment in the financial services, 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.

Zhejiang Jumore E-commerce company Ltd. (JUMORE) is the world's FIRST and ONLY cross-border e-commerce platform for full-line commodities and whole industry chain, with businesses covering: the entire spectrum of tangible products including raw materials like chemicals, non-ferrous metals, steels, energy, minerals, agricultural products, as well as industrial goods like manufacturing products, consumer goods and foods; intangible products including finance, logistics, big data, technology, consulting and certification, and other services.

JUMORE released E4B (Ecosystem for Business) modelwhich enables all countries' companies to freely and effectively connect with each other, thus to realize optimization and upgrading of global industrial chain as well as mutual beneficial cooperation for enterprises around the world.

JUMORE is aiming at creating the world's safest ecological e-commerce platform. Enterprises on JUMORE platform are all recommended by government institutions, associations or chambers of commerce and authenticated by leading third party certification authorities in the world.

JUMORE launches three featured national, provincial and brand pavilions for all Chinese provinces and the whole world.By virtue of the synergic effect of the three pavilions, JUMORE provides comprehensive services and support to all countries, Chinese provinces and global premium enterprises.

Through the six service sectors of finance, logistics, big data, technology, consulting and certification, JUMORE has integrated global high-end service resources, providing world-class services and comprehensive support in transformation and upgrading for all enterprises on the platform.

 Hangzhou E-commerce Industry Internet Park is an e-commerce industry park approved by the Information Office of Hangzhou Municipal Government; and its business forms are managed by the West Lake Science and Technology Bureau and Wensan Road Electronic Information Street Committee. Hangzhou E-Commerce Industry Development Co., Ltd serves as the property management and public service platform.

The industry park commenced construction in Dec. 2009, finished attracting investment in Sep. 2010, and was opened in Dec. 2010. Covering a floor area of 28mu and building area of about 60,000 square meters.

Currently, a total of over 80 enterprises have settled in the park, clustering e-commerce self-own brand enterprises, agent operating enterprises, third-party platform service providers, information and software firms, Internet of Things, mobile internet, talent service, advertising service companies and others, and forming an e-commerce industry chain.