China Construction Bank Corporation receives licence at the AIFC
26 April 2019
The Astana International Financial Centre (AIFC) was established by the initiative of the President of Kazakhstan Nursultan Nazarbayev and operates as per the Constitutional Law “On the Astana International Financial Centre” dated December 2015. The AIFC aims at attracting investment into the Kazakh economy through the establishment of an attractive and business friendly environment for financial services and capital markets, including securities, insurance, banking and Islamic finance the Republic of Kazakhstan.
The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre, a legal entity and statutory body of the Republic of Kazakhstan, which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating activities related to financial services in the AIFC. The AIFC Regulations and Rules provides for the authorization, registration, recognition and supervision of financial firms and market institutions.
China Construction Bank (CCB) Corporation was founded in October 1954 and is headquartered in Beijing, China. The company engages in the provision of financial and banking services. CCB is one of the big four state-owned commercial banks in the People's Republic of China. The bank has approximately 15 000 domestic branches. In addition, apart from Astana Branch, it maintains overseas offices in 29 countries and regions in the world, such as Hong Kong, Singapore, Johannesburg, Tokyo, Seoul, New York City, Sydney, Luxembourg, Kuala Lumpur, etc.