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«Baiterek» holding extends relationship with financial institutions and banks in PRC

15.07.2017 Chairman of the Executive Board of JSC «National Managing Holding «Baiterek» Yerbolat Dossayev participated at the International Economic Forum «One belt, One Way - 2017» held in Beijing, during which he attended a series of meetings with top officials of the largest financial institutions and banks in China. Over the course of the meetings they discussed various topics, such as the investment cooperation in Kazakh-Chinese projects.
​At the meeting with Wang Yi, Chairman of Export and Credit Insurance Corporation «SINOSURE», parties have discussed prospects for further deepening of cooperation and the possibility of attracting insurance coverage for joint Kazakh-Chinese projects. Holding «Baiterek» has been working together with «SINOSURE» since 2015 within the scope of signed bilateral agreements.

At the meeting with the President of Silk Road Fund, Wang Yanzhi, parties have discussed the possibility of joint implementation of existing and new projects within Kazakh-Chinese investment cooperation programme, as well as profound collaboration in the area of renewable and green energy with the involvement of other international financial institutions.

Prospects for attracting long term financing for Kazakh-Chinese projects have been discussed with Mr. Qian Wenui, Chairman of the Board of Supervisors of Industrial and Commercial Bank of China. The parties highlighted the necessity to support business initiatives and enhance the cooperation within the context of the New Silk Road. 

Chairman of the Holding and the top management of China National Machinery Import and Export Corporation have discussed the issues of establishing a strategic investment partnership of the Chinese party with the Group of Companies Allure, member of the “National Champions” programme, created by the Holding. Within the meeting parties have signed the Road Map to attract the Chinese company as a strategic partner.

At the meeting with the management of Chinese multibusiness company "China Triumph International" they discussed issues of cooperation in manufacturing of multifunctional sheet glass and other glass products with high added value. Within the meeting the Kazakh company "Orda Glass" LLP and the Chinese company have signed a strategic partnership agreement on completion of construction of a plant in Kyzylorda Region.

With the President of State Bank of China, Mr. Zheng Jie, Yerbolat Dossayev discussed mutual areas of cooperation, including SCO Interbank Association. They also addressed the issues of establishing an additional credit line to support projects aimed at expanding of infrastructure and export potential of the country.
During the meeting with Tian Gouli, Chairman of the Back of China, the largest commercial bank in PRC, various prospects for establishing a long-term investment cooperation have been discussed, including trans-border projects for the Silk Road Economic Belt.

Currently the Holding cooperates with Chinese financial organizations and banks, and is involved in realization of investment projects, including realization of the «Silk Road Economic Belt» initiative.
For reference only: International Economic Forum «One belt, one way - 2017» is dedicated to the issues of regional integration and interaction of Asian countries, involving top officials from 28 countries. Main purpose of the event was the discussion of the issues of regional and global economic relations, development of multinational connections through infrastructure investment, the possibility of participating in realization of Chines initiative «One belt, one way». Main topics of discussion were political coordination, infrastructure relationship, safe trade, free capital movements, strengthening of the unity of nations and exchanging of nerve centers.