Finprom.kz: Integration processes of Kazakhstan and China reach a new level: commodity turnover between countries increased by one third
The gross inflow of investments in 2017 amounted to almost $1 billion; for 5 months of 2018 between the countries concluded 8 agreements.
In 2017, the trade turnover between Kazakhstan and the Celestial Empire amounted to $10.5 billion, which is 32.6% ($2.6 billion) more than a year ago. In aggregate for 2017, Kazakhstan's trade turnover amounted to $77.7 billion (a year earlier - 62.1 billion US dollars). The share of China is 13.5%.
Integration processes are closely related to the activities of the AIFC, where the Chinese side takes an active part in creating a single exchange space and attracting capital to the AIFC Exchange (AIX). To achieve the set goals, the Shanghai Stock Exchange became a strategic partner and shareholder of the AIFC Exchange (the share is 25%).
A number of memorandums of understanding and cooperation have been signed between the financial center and the Chinese financial institutions. The representation of the China Development Bank has already registered on AIFC platform, along with 13 other international companies. (finprom.kz)
(EN) AIFC announces plan to speed foreign investment in Kazakhstan
“We are creating an environment of ‘Zero Bureaucracy’ for doing business. From the very beginning, a businessman, an investor, will be engaged in the things for which he comes to the AIFC: setting up a company, getting a license, reporting to tax authorities and so on, all of this will be unseen to the potential investor. The investor will be presented with one single simple webpage with accessible and understandable services. While ‘behind the scenes’ is a whole ecosystem,” said AIFC Information Technology Department Director Aare Laponin. (astanatimes.com)
(RU) Kazakhstan-German investment forum was held in Germany
During the forum, Saparbek Tuyakbaev, Chairman of the Directors Board of KAZAKH INVEST, spoke about the current mechanisms for supporting foreign investors, including through a wide range of AIFC financial instruments. According to KAZAKH INVEST, at present, world companies operating in Kazakhstan have access to a market of more than 500 million people. There is a multi-modal Eurasian transport corridor going through Kazakhstan, which includes 5 railway and 6 international automobile routes, including the modern transcontinental motorway "Western Europe - Western China". (inform.kz)