As part of the working trip of Vice Minister of National Economy of the Republic of Kazakhstan Arman Kassenov to China, Deputy Chairman of the Board of the Development Bank of Kazakhstan JSC (a subsidiary of "Baiterek " Holding) Botagoz Abisheva held a series of meetings with key financial institutions in China, during which prospects for cooperation in the implementation of joint projects in the infrastructure sector were discussed and industrial areas.
Key participants in the meetings included the State Development Bank of China (SDBC), the Silk Road Fund, the Asian Infrastructure Investment Bank, the China-Eurasian Economic Cooperation Fund, China Sinosure Corporation, the Hong Kong Monetary Authority, as well as financial institutions such as HSBC, Hang Seng Bank, Standard Chartered Bank, Bank of China Hong Kong, UBS Hong Kong, China International Capital Corporation and others.
Following the meetings, DBK and SBDC signed an agreement to provide a credit line in the amount of 2 billion yuan. The first loan agreement with SDBC in yuan opens up alternative currency opportunities for DBK and brings additional investments in non-resource sectors of the economy.
“The signing of the agreement with the State Development Bank of China and the negotiations held with key financial institutions of China open up new prospects for expanding international partnerships and implementing joint projects in key sectors of the economy of Kazakhstan,” noted Botagoz Abisheva.
As part of the trip, DBK representatives took part in the "One Belt, One Road" Summit in Hong Kong, dedicated to financing sustainable infrastructure projects, developing transport and logistics infrastructure, as well as introducing innovations within the framework of the initiative.
Managing Director Dina Zhanadil spoke at the panel session "Development of strategic sustainable infrastructure projects", where she emphasized the contribution of DBK to "green" and sustainable financing and energy transition.
The results of the trip and the summit open up new prospects for cooperation with key financial institutions in China and the Hong Kong Special Administrative Region, as well as contribute to the sustainable development of Kazakhstan within the framework of global initiatives.
