The Astana International Financial Centre (hereinafter referred to as AIFC) signed several memorandums with financial institutions of the People's Republic of China within the framework of the visit of the President of the Republic of Kazakhstan Nazarbayev to PRC.
AIFC Governor Kairat Kelimbetov and the Executive Vice President of Bank of China Ren Deqi signed a memorandum on strategic cooperation. The parties intend to jointly explore new opportunities for further development of cross-border business to provide high-quality services and develop new banking products.
“The Bank of China is one of the world's leading financial institutions, so its expertise is important for the establishment of AIFC as a regional hub for financial services. The global network of the Bank's partners will help attract the latest financial technologies to the AIFC,” says K.Kelimbetov.
A memorandum on strategic partnership with the Silk Road Fund (SRF) was also signed during the visit. The document is designed to promote the development and prosperity of the two countries’ economies by providing investment and financial services through equity and investment funds.
An important event timed to the visit of the President of the Republic of Kazakhstan Nazarbayev was also a joint statement of the parties on the opening of a representative office of the China Development bank (hereinafter - the CDB) on the AIFC site. It will be the first representative office of the CDB in Central Asia and the seventh in the world, including offices in London, Moscow, Rio de Janeiro, etc.
The official presence of the CDB in Astana will help deepen practical cooperation with Kazakhstan by providing long-term and stable financial support to organizations and enterprises of the Republic of Kazakhstan.