Exchange Traded Notes connected to China Equities are listed on AIX
Astana International Exchange (“AIX”, “Exchange”) is pleased to announce the listing of new exchange-traded notes – iX China Equities BR Exchange Traded Notes (“Notes”) with the shares of iShares MSCI China A ETF (“CNYA”) as underlying asset. The Issuer of the Notes is iX China Equities SPC Limited, a Special Purpose Company (“SPC”) whose sole assets are represented by shares in CNYA – one of the largest ETFs providing exposure to the performance of equity market in China.
The AIFC Governor, Dr Kairat Kelimbetov, noted:
“We welcome the new RMB denominated securities listing on AIX Belt and Road Market segment, which is driving the innovations of the capital market solutions support BRI financing. The listing of RMB ETNs is an important step of the growing financial integration between Kazakhstan and China under the frame of the Belt and Road Initiative and will further boost the offshore RMB market development in Kazakhstan and Central Asia.”
Jusan Bank is acting as a Custodian for the safekeeping of the underlying assets; and Russel Bedford A+ Partners is serving as an auditing firm.
Reference:
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz
AIX Belt and Road Market is a regulated market segment of AIX that aimed to raise capital for the projects specified in the AIX Belt and Market Rules with currency mainly denominated in RMB, which is the key differentiator of AIX by providing dedicated capital market solutions to support the Belt and Road Initiative.
The Astana International Financial Centre (AIFC) is an independent jurisdiction that started operations in 2018. In accordance with the Development Strategy until 2025, the key focus of the AIFC is to consolidate as a universal platform connecting the countries of the EAEU, Central Asia and the Caucasus. www.aifc.kz