For Press

23/06/2017

Astana International Financial Centre, Mayor's office of Astana city, Autonomous Cluster Fund “Park of Innovative Technologies” and “Jumore” company signed a Memorandum of Understanding

Today the signing ceremony of the Memorandum of Understanding between the Astana International Financial Centre (AIFC), Mayor's office of Astana city, Autonomous Cluster Fund “Park of Innovative Technologies” (ACF) and “Zhejiang “Jumore” E-commerce Co. Ltd” (Jumore) company was held at the EXPO specialized exhibition territory within the framework of the Zhejiang Province Day in the pavilion of the People's Republic of China.

Liang Liming, Vice-Governor of the Zhejiang province, Chen Zhou, Vice Chairman of China Council for the Promotion of International Trade (CCPIT), Zhang Hanhui, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Republic of Kazakhstan participated in the solemn event on the occasion of the opening of the Zhejiang Province Day.

Within the framework of the signed document, the Parties agreed to carry out interaction aimed at creating conditions for the introduction of digital services in order to implement the accelerated technological modernization of the economy within the framework of the Third Modernization of the Republic of Kazakhstan, as well as priority goals and tasks identified in the “Digital Kazakhstan” programme and “One Belt, One Road” initiative.

Jumore will work on creating conditions for the establishment of cooperation between Kazakhstan and Chinese companies through the use of appropriate online platform, as well as the development of e-commerce, logistics and financial services, ACF will carry out the necessary expertise and operational control, Mayor's office of Astana city will provide assistance in attracting technological companies and start-ups, and the AIFC, in turn, will provide the necessary support to companies and start-ups aimed at the development of financial technologies based on the online platform.

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, to develop local capital markets, ensuring their integration with the international capital markets, and to develop markets for insurance and banking services and for Islamic financing in the Republic of Kazakhstan.

 

«Zhejiang «Jumore» E-commerce Co. Ltd.» (hereinafter – «Jumore») is the world's first and only cross-border e-commerce platform of Ecosystem for Business, aka E4B, dedicating to commodities, goods and services. The E4B Eco-System initiated by Jumore is dedicated to help global enterprises, industries, regions and countries to conduct the interconnectivity and efficient collaboration of goods, services, and information through a global, intelligent internet platform, thereby fully optimize the global industrial structure, achieve mutual benefits and win-win.

At present, Jumore has reached cooperation with 126 countries all over the world, including the G20, APEC and B&R countries. It helps countries and enterprises to access the E4B global industrial ecosystem, to achieve interconnectivity and win-win, and promote the healthy economic development of all countries.

Jumore actively echoed and implemented One Belt, One Road, Made in China 2025 and other national strategies, helping with the the online Silk Road development for B&R countries to create an E4B intelligent ecological system, helping B&R countries connect with the industrial clusters of Chinese provinces, cities as well as global economies to promote cooperation of production capacity and achieve complementary economic development; Jumore also helps B&R countries with development in big data, intelligent manufacturing, smart cities and other areas.

 

Autonomous Cluster Fund “Park of Innovative Technologies” (Almaty Tech Garden, hereinafter – Fund) has the status of autonomous financial organization. The chairman of the Supreme Board of Trustees is the President of the Republic of Kazakhstan Nursultan Nazarbayev, Chairman of the Management Committee is Prime Minister. Fund consolidates existing potential and R&D infrastructure in Almaty and Special Economic Zone “PIT”, transfers 1% of total annual revenue from subsoil users to innovative projects, focuses on creating Technology Centres based on transnational companies and attracting critical mass of start-ups.