- China Overseas Development Association (CODA), which is responsible for 55 China-Kazakhstan Capacity Cooperation projects worth around $27 billion, regarding financing the projects via capital market;
- China Chengxin International Credit Rating Co. – the largest credit rating agency in China, to provide credit rating service and co-develop AIX Belt and Road Bond market;
- Deheng Law Offices – one of the leading law firms in China which opened its branch in AIFC, to provide comprehensive legal service to AIX Belt and Road Bond and Equity market;
- PwC Kazakhstan (PricewaterhouseCoopers) - the leading professional services provider to various industries;
- CITIC Securities – the largest broker and investment bank in China.
AIX updates progress on developing the Belt and Road Market – Key Milestones Achieved
03.07.2019
At the Astana Finance Days conference held in Nur-Sultan from July 1 to July 4, Astana International Exchange (AIX) presented a number of milestones in the development of its “Belt and Road Market” (BRM) - which is being developed to finance projects for the Belt and Road Initiative (BRI) in Kazakhstan and the region. The list of projects that BRM can support is broad and includes Kazakhstan’s “Nurly Zhol” new economic policy, China-Kazakhstan Capacity Cooperation, and projects related to connectivity or infrastructure development. Securities that can be listed and traded on BRM include bond, equity and ABS (asset-backed securities). These securities can be denominated in different currencies approved by AIX.
Tim Bennett, CEO of AIX, commented:
“This is an ambitious project for Astana International Exchange. AIX’s Belt and Road Market is the first public market to introduce the capital market financing mechanisms under the Belt and Road Initiative. The traded capital market is the most feasible solutions for private and public investors to participate in BRI projects complimenting bank loans – the main source of financing for BRI projects now.”
As part of developing the BRM, AIX has established partnerships with key market participants. Memorandum of Understandings (MoU) were signed on July 3rd with the following organizations:
Reference:
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. www.aix.kz
The Astana International Financial Centre (AIFC) is an independent jurisdiction that started (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By 2025, the EDB’s cumulative portfolio comprised 305 projects with a total investment of US $16.5 billion. The Bank’s portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.