For Press

02/09/2016

AIFC held negotiations with the delegation from Hong Kong SAR

During September 1-3, 2016, the delegation of business people from the Hong Kong Special Administrative Region of the People's Republic of China visited the Republic of Kazakhstan upon the invitation of the Astana International Financial Center (AIFC) in order to explore opportunities for establishing cooperation in investment and financial technologies.

The delegation of the Hong Kong SAR, led by business consultants of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), included heads of major financial institutions, leading financial technology organizations, law firms, and representatives of research institutes in these areas and mass media.

During the negotiations, Kairat Kelimbetov, Governor of the AIFC, informed about the strategic directions of the AIFC, its goals and priorities, planned events on the capital market development, variety of financial services, Islamic finance, financial technologies and "green" finance in the region.

In their turn, Hong Kong delegation’s members presented a number of studies and proposals on the implementation and development of financial tools, payment systems, financial technologies, infrastructure, tools and services for big data use at the AIFC. Extensive information was provided on the effective asset management, financial services for private investment companies, transnational corporations, small and medium-sized enterprises.

The Hong Kong SAR delegation also plans to carry out meetings and negotiations with the heads of the Ministry of foreign affairs of Kazakhstan, JSC «Baiterek National Management Holding», Nazarbayev University, JSC «Kazpost»,  Mayor Office of Astana, and to visit the territory of the «Astana Expo-2017» exhibition.

Reference:

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 the 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.