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Kyrgyzstan suggests opening new banks to China

Business Materials 12 January 2010 10:14 (UTC +04:00)
Kyrgyzstan suggests opening of new banks to China on the territory of the two countries – Kyrgyz in the PRC and Chinese in the Kyrgyz Republic. It was known during the first working visit of Maksim Bakiev, the head of the Central Agency on development, investments and innovations of the Kyrgyz Republic to China.
Kyrgyzstan suggests opening new banks to China

Kyrgyzstan suggests opening of new banks to China on the territory of the two countries - Kyrgyz in the PRC and Chinese in the Kyrgyz Republic. It was known during the first working visit of Maksim Bakiev, the head of the Central Agency on development, investments and innovations of the Kyrgyz Republic to China, news agency "24.kg" reported.

Opening of financial institutions helps to strengthen bilateral trade-economic cooperation. Experts say these financial-credit institutions would help to realize in Kyrgyzstan the Chinese agricultural and production equipment - in the order of leasing. Opening of banks also would help to realize Chinese investment projects in Kyrgyzstan.

Kyrgyzstan believes, countries may focus efforts on realization of important projects in the sphere of energy, mineral resources, processing of agricultural production. Particularly, modernization of the Heat Station powers of Bishkek city, in development of coal deposit of Kara-Keche, construction of "Datka" substation and "Datka-Kemin" power lines, and also fiber-optics line of communication of China - Kyrgyzstan - Uzbekistan.

Meeting the leadership of the Ministry of Commerce of China Monday, Maksim Bakiev declared that Kyrgyzstan also interested in learning Chinese experience on economy development. Kyrgyzstan hopes to cooperate with Chinese specialists in these spheres.

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