For Press

15/05/2017

AIFC Delegation met with representatives of Hangzhou E-commerce Industry Internet Park

Kairat Kelimbetov, Governor of the Astana International Financial Centre (AIFC) met with the Xia Minghan, President of Hangzhou Electronic Commerce Industry Park (HECIP) during the visit to China for participation in “One Belt, One Road” Summit.

Both sides discussed development opportunities of electronic commerce in the region, and highlighted, that demand for technologies in the electronic market will rise due to “One Belt, One Road” initiative.

         Currently, Chinese companies are considered to be the leaders in this industry. “Government played an important role in the creation of high-tech Park in China’’, Xia Minghan, President of HECIP said.

         The AIFC and Hangzhou E-commerce Industry Park are actively cooperating as part of Memorandum of cooperation, signed by the organizations in 2016.

 

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 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.

 

Hangzhou Electronic Commerce Industry 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.