Wednesday June 14 2017

News Source: Global Exchanges

Focus: General - Global Exchanges

Type: General




The Shanghai Stock Exchange (SSE) and Astana International Financial Centre Authority of Kazakhstan (the AIFC Authority for short) have signed an agreement to co-invest in building the Astana International Exchange. According to the agreement, the SSE, as a strategic partner of the AIFC Authority, will hold 25.1% shares in the Astana International Exchange, and will provide all-round support for the exchange’s establishment in the aspects of technological consultation, business planning, product design and marketing.

Considering the construction of the Astana International Financial Centre and its development plan, the SSE will give full play to the features of the Chinese capital market and its advantages as well as to its role as a financing platform on the capital market through the cooperation with Kazakhstan in co-building the Astana International Exchange, in a bid to provide feasible financing service for the settlement of the B&R Initiative in Kazakhstan and even Central Asia, and render this cooperation of capital markets into a model one between countries along the B&R and China.

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