Kazakh-Hong Kong dual listing an 'icebreaker' for regional belt and road businesses

Group 1 - The dual-listing of Jiaxin International Resources at the Astana International Financial Centre (AIFC) and Hong Kong stock exchanges is seen as an "icebreaker" for Kazakh and Chinese companies interested in cross-border equity and debt deals [1][2] - AIFC's governor noted that the listing has generated significant interest from both Kazakhstani and Chinese companies looking to pursue similar opportunities [1][2] - The AIFC is positioned as a financial gateway for Chinese investments into Central Asian and Eurasian markets, aligning with China's Belt and Road Initiative [3][4] Group 2 - There is growing interest from Chinese financial firms, including brokers and underwriters, in collaborating with potential Kazakh issuers in equity capital and fixed income due to the liquidity available in Hong Kong [3] - The AIFC currently hosts 889 Chinese enterprises across various sectors, including wholesale and retail trade, finance, insurance, information technology, mining, manufacturing, and construction [4] - The AIFC's financing tools and investment structures are designed to attract Chinese investors in infrastructure, energy, and technology sectors in Kazakhstan [4][5] Group 3 - The AIFC applies English common law and international arbitration to ensure efficient dispute resolution, enhancing its appeal to international investors [5] - The Astana International Exchange (AIX) is the first stock exchange in Central Asia to offer diverse and sustainable financing solutions to support the Belt and Road Initiative [5]