AIFC: Investments attraction
The Astana International Financial Center (AIFC) would become an important financial instrument of the Chinese One Belt, One Road initiative. According to experts, cooperation between Kazakhstan and China will become even more close and friendly. There are also plans to include the Shanghai Stock Exchange in the list of shareholders of the Astana International Exchange. The cooperation memorandum was signed as part of the Shanghai Cooperation Organization (SCO) summit. The parties also plan to open regional clearing houses where the large Chinese banks are set to open their representative offices. A number of foreign companies will be provided with accreditation at the stock exchange. It will allow for the development of the domestic stock exchange, increase the inflow of investments, develop the digital economy and accelerate the privatization processes in Kazakhstan.
KAIRAT KELIMBETOV, GOVERNOR, ASTANA INTERNATIONAL FINANCIAL CENTER:
- The Chinese Government is expected to provide support for this project. The Chinese financial institutes will also operate here. The Silk Road Fund will capitalize over US$40 billion. In my opinion, attraction of these funds as investments as part of the One Belt, One Road initiative will positively affect the development of the entire Central Asian region.