The Astana International Financial Centre representative participated in the seminar organised by the Hong Kong Monetary Authority (HKMA) upon the invitation of John Tsang, Financial Secretary of the Hong Kong Special Administrative Region.
President of the Asian Infrastructure Investment Bank Liqun Jin delivered a keynote speech at the seminar. It brought together over 300 guests, including about 40 partners of the IFFO: development banks and financial organizations, investors of public sector, developers of projects, and commercial banks from China, Hong Kong and abroad.
While meeting with economic and financial circles of Hong Kong Sayasat Nurbek noted that Kazakhstan and Central Asia possess vast potential in terms of development of investments into infrastructure. In this connection it is crucial for the AIFC to study Hong Kong's experience of infrastructural investments and financial flows management.
"This platform is meant for the development of investments into infrastructure and financing and can be interesting for potential investors who want to develop Kazakhstan's infrastructural projects," - he said.
The AIFC is currently collaborating to develop interaction with the Hong Kong Monetary Authority. Large-scale financing is scheduled to provide a platform for comprehensive financial services to businesses and corporations that invest in infrastructure projects along the Silk Road Economic Belt as part of the One Belt, One Road global initiative.
The AIFC adopted a Hong Kong Monetary Authority proposal on the development of a partnership with the newly created IFFO platform. The partnership with the AIFC was announced at the Private Participation in Infrastructure Project Finance in Emerging Markets seminar held Oct. 26 this year with the participation of heads of international financial institutions in Hong Kong.
AIFC. In December 2015, the 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 a post-Soviet region, a 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 Republic of Kazakhstan economy through the establishment of an attractive environment for investment in financial services, develop local capital markets, ensuring their integration with international capital markets, and develop markets for insurance and banking services and for Islamic financing in the Republic of Kazakhstan.
The IFFO is a platform established by Hong Kong Monetary Authority to facilitate infrastructure investments and their financing. It is a growing platform that provides an opportunity to strengthen cooperation, research infrastructure investment and financing opportunities.
The IFFO functions are to create a platform for the exchange of information and experience, increase capacity building and knowledge about investments in infrastructure and funding, promote market and development of new products, and facilitate investment in infrastructure and regulate financial flows.