Kazakhstan bank turns to Hong Kong as gateway to offshore renminbi finance

    Kazakhstan bank turns to Hong Kong as gateway to offshore renminbi finance

    A Kazakhstan-based commercial bank backed by China Citic Bank is seeking to collaborate with Hong Kong financial institutions and investors to develop new financing channels for the Central Asian country through the city’s thriving offshore renminbi market. Murat Baisynov, chairman of Altyn Bank, told the South China Morning Post that three clients of the Almaty-headquartered…

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    Hong Kong Chief Executive John Lee Ka-chiu and his delegation at Nazarbayev University in Astana on June 3. Photo: Jeffie Lam

      Opinion | Why Hong Kong matters to Kazakhstan’s financial ambitions

      As part of its decades-old “multi-vector” foreign policy, based on balancing relations between major powers such as China, Russia, the United States and the European Union, Kazakhstan – Central Asia’s largest country – is now actively diversifying its economic and financial policies. While in the past, Astana sought to strengthen cooperation with the United Arab…

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      Hong Kong Wraps up Successful Mission to Deepen Ties with Central Asia

        Hong Kong Wraps up Successful Mission to Deepen Ties with Central Asia

        Hong Kong, SAR–(Newsfile Corp. – June 5, 2026) – A large high-level business delegation led by John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), today (June 5) wrapped up its five-day visit to Kazakhstan and Uzbekistan respectively, achieving fruitful results of strengthening bilateral relations and deepening ties with Central Asia. The…

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