3-5th July 2018 — Astana, Kazakhstan

3-5th July 2018

31/05/2018, 19:19

CBonds Bond Congress: How to attract investments?

On 31st of May, 2018 in Astana, the XV CIS and Baltic States Bond Congress began - an annual event that brings together debt market professionals from Russia, Ukraine, the CIS countries, the Caucasus and other emerging markets. The Congress was organized by CBonds agency.

The event was attended by representatives of the Astana International Financial Centre (AIFC), CEO of the Astana International Exchange (AIX), Tim Bennett and Managing Director of the AIFC Authority, Temirlan Mukhanbetzhanov.

Tim Bennett in his speech emphasized that capital markets will help stimulate economic growth in Kazakhstan: "The role of AIX is to provide liquidity so that investors can come to Kazakhstan and invest in Kazakhstan`s companies, and provide a trading platform for this. In addition, we provide a regulatory framework in conjunction with the Astana Financial Services Authority (AFSA), which gives investors the confidence. An important "point of growth" for attracting investment in Kazakhstan is the Chinese government’s "Belt and Road" program.

Temirlan Mukhanbetzhanov spoke about the companies that had already registered on the AIFC platform: "At the moment 13 companies are registered, 25 are in the process of registration. 13 registered companies are companies that are engaged in consulting services, they help potential participants in obtaining a license. Other companies are engaged in financial technologies. 3-4 companies are focused on providing services in terms of managing the private banking and asset management. "

Other participants of the Congress also shared their opinions on AIFC prospects and impact on the domestic market development. Director of the Government borrowing department of the Ministry of Finance of the Republic of Kazakhstan, Ruslan Meirkhanov announced, that starting from 2019 all IPO placements will be held on the Astana International Exchange of the AIFC: "In the beginning of May, we concluded an agreement with the Astana International Exchange, according to which within 2-3 years all local securities of the Ministry of Finance we plan to transfer to AIFC platform".

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