Kazakhstan: AIFC announces strategic partners and first clients

ASTANA (TCA) — Governor of the Astana International Financial Center (AIFC) Kairat Kelimbetov on July 2 announced which companies were first to register in the Financial Center, which will be officially opened in Kazakhstan’s capital this week, the official website of the Prime Minister of Kazakhstan reported.

Kelimbetov said that the subsidiary of the Chinese State Development Bank was one of the first to be registered in the financial center.

“The world’s largest banks such as Bank of China, ICBC, China Construction Bank are already filling bonds, exploring the possibility of opening within the jurisdiction of the AIFC. You know that the Bank of China and ICBC are already working in Kazakhstan, and ICBC has already opened an office in Astana… The Development Bank of China is the largest bank in the world, it is bigger than the World Bank,” said AIFC Governor Kairat Kelimbetov.

In addition, AIFC cooperates with all multilateral financial institutions, including the World Bank, the IMF, the EBRD, ADB, the Asian Infrastructure Investment Bank, and the New Development Bank of the SCO countries. All of them are strategic partners of the AIFC.

In December 2015, the President of Kazakhstan signed the Constitutional Law on the establishment of the Astana International Financial Center. The official opening of AIFC will be held within the framework of Astana Finance Days on July 3-5.

Kelimbetov said that before the official opening ceremony, 55 companies were registered in the AIFC, by the end of the current year about 100 companies are planned, and by the end of 2020 — 500 companies.

The Deputy Chairperson of the Astana International Exchange Amina Turgulova said that such companies as Tsesna Capital, SkyBridge, Centras Securities, CICC and others are listed among the registered participants. Documents for registration were also filed by the Wood company, London.

Sergey Kwan


Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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