Outside In | With Central Asia rising, John Lee’s visit was well timed

    Outside In | With Central Asia rising, John Lee’s visit was well timed

    In their 2022 book Sinostan, Raffaello Pantucci and Alexandros Petersen saw Central Asia as China’s “inadvertent empire”. If that is true – and the five-country region embracing Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan and Tajikistan (informally called the C5) certainly sits at the heart of China’s Belt and Road Initiative – then Beijing could not have chosen…

    Read More
    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…

      Read More
      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…

        Read More