Hong Kong Stock Exchange hopes for co-operation with Kazakh companies

Kazakhstan Materials 22 December 2006 17:35 (UTC +04:00)

(gazeta.kz) - The Hong Kong Stock Exchange hopes for co-operation with Kazakh companies, Paul Chow, Chief Executive of the HKSE, said at a meeting with Nursultan Nazarbayev, President of Kazakhstan, who paid a visit to the HKSE, reports Trend.

"We hope that Kazkahstani companies would be interested in allotting their shares at the HKSE," - Mr. Chow said.

At a meeting with representatives of banking and financial structures of the Hong Kong Special Administrative Region, the Kazakhstani leader got acquainted with a video presentation of the HKSE activities and the Asian office of "UBS Asset Management".

"The experience of Hong Kong in finance, innovations, technologies, and IT is very important for us. I( hope that Hong Kong businessmen will be more active in investing, using their know-how and managerial experience in Kazakhstan where a favourable investment climate has been created," - the head of Kazakhstan said.

"Kazakstani companies in their turn will be able to get access to the Hong Kong stock market. It is very important to create good conditions for intensifying the business co-operation between Hong Kong and Kazakhstan," - Mr. Nazarbayev said.

The President of Kazakhstan also met Donald Tsang, Chief Executive of the Hong Kong Special Administrative Region.

Mr. Tsang noted at the meeting that China was following achievements of Kazakhstan attentively. "You have achieved a lot for the 15 years of the Independence. You have created oner of the most dynamic economies in the world. And now you are creating a regional financial centre in Almaty. It opens up big opportunities for mutually beneficial co-operation," - Mr. Tsang said.

Mr. Nazarbayev in his turn noted that a new phase of co-operation between Kazakhstan and China was beginning - a phase of "enhancing political confidence and a rapid extension of areas for co-operation. We have a big potential for closer co-operation first of all in finance, economy, science, and technique. And the agreements signed by us today are going to give a new impact to the bilateral ties," - hr observed.