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ASTANA (TCA) — On June 8, during the visit of Chinese President Xi Jinping to Kazakhstan, the Astana International Financial Centre (AIFC) and Shanghai Stock Exchange (SSE) announced the signing of a Shareholders’ Agreement to become primary shareholders of AIFC Exchange. Continue reading
ALMATY (TCA) — Following the so-called People’s IPO campaign, which is now widely considered to have been disappointing, a new “privatisation” scheme has been announced by the Kazakh government earlier this year. But as time goes by and timing remains uncertain, many insiders and sideliners start casting doubts on whether either domestic or foreign investors see any point of purchasing stock in companies due to remain out of their control. In other words: rather than contributing to structural economic reform this is considered just one more attempt to fill the dwindling reserves in the state coffers without giving much in return. Continue reading
