Astana International Exchange - new opportunities for the stock market of Central Asia
Tashkent, Uzbekistan (UzDaily.com) -- On 27-29 August 2019, a group of journalists from Uzbekistan visited the city of Nur Sultan at the invitation of the General Office of Astana International Exchange (AIX).
Astana International Exchange (AIX) was created on the basis of the most modern solutions and with the support of experienced and reputable international players. Its main strategic partners are the Shanghai Stock Exchange, NASDAQ, a tech giant, which has provided a technical trading platform, Goldman Sachs international financial corporation, and the Silk Road Fund, which provides access to projects under the Belt and Way initiative .
Astana International Financial Center (AIFC) is a unique center on the economic map of the world, combining the best practices and the most advanced capabilities of advanced financial centers from New York and London to Dubai, Hong Kong and Singapore.
AIX Exchange operates within a regulatory environment familiar to international investors in the jurisdiction of English law. The Astana International Exchange has developed and fully operates a trading infrastructure. An ecosystem of local and international brokers has been created.
Timothy Bennett, Chairman of the Board, Astana International Exchange (AIX) said “AIX today provides a level playing field for all investors, both local and foreign. These are tax incentives, the legal regime customary for investors, and a high-tech platform for accommodation. And the most important thing is the opportunity to invest in an undeveloped region, which is still underestimated and has great growth potential. As for issuers, we are trying to create the most convenient conditions for them to attract financing for business development on favorable conditions when, for example, direct investment in capital is impossible or insignificant.”
Kairat Kelimbetov, Manager of Astana International Financial Center (AIFC) underlined “In the context of growing business activity, investors need clear working conditions and a set of tools for investing in projects, and business needs ways to attract investments. The AIFC high-tech exchange was created for these purposes, where a company from any country in the region and investors from all over the world can come for investments. ” Therefore, our mission is to contribute to the sustainable development of the Republic of Kazakhstan and the entire Central Eurasia region, offering corporations and businessmen new opportunities to attract investment capital and create meaningful and effective projects in the field of production and services, and development of sales markets, noted Kelimbetov
During the press tour, participants were able to familiarize themselves in detail with the activities of the exchange, information technology department, trade department and the AIFC customer service front office.
Timur Abushkin, Head of Financial Markets Development, AIX said: “There are significant financial resources in the modern world, and the relative shortage of attractive investment projects makes the markets of developing countries an object of increased attention and interest. Therefore, today Central Eurasia is entering a long period of active economic development, creating new prospects for countries, companies and citizens on the path to prosperity.”
“We are open to companies and individuals and are ready to provide additional opportunities for development and growth to both large financial, manufacturing and trading corporations, and to companies that first entered the market. We also offer attractive conditions for mid-cap companies from Central Eurasia,” T. Abushkin said.
As the organizers noted, in November 2018 on AIX, the IPO of Kazatomprom was successfully completed. In April 2019, a major mining company Polymetal International Plc passed a double listing on the exchange. In addition, the AIX platform passed listing and placed Eurobonds of the Ministry of Finance of the Republic of Kazakhstan and corporate bonds of Kazakhstan Temir Zholy JSC.
Kanat Dosmukametov, General Director of Polymetal Eurasia LLP, said: “Our Polymetal Company - is considered one of the leaders in the extraction of precious metals with assets in Russia and Kazakhstan. Polymetal shares are traded on the London and Moscow stock exchanges, as well as on the Astana International Exchange (Kazakhstan). The company is included in the FTSE 250, FTSE Gold Mines and MSCI Russia indices. Owns nine existing gold and silver deposits, as well as an upscale portfolio of development projects. ” Polymetal successfully implements its strategy: ensuring the long-term future of the company while generating significant cash flow and creating value for all interested parties, K. Dosmukametov noted.
The prosperity of the country in our time is impossible in isolation from the economic development of other regional powers and without taking into account the global economy. Therefore, the mission of AIX is to contribute to the sustainable development of the entire Central Asian region, offering corporations and businessmen new opportunities to attract investment capital and create meaningful and effective projects in the field of production and services, and development of sales markets.
Today, in order to attract foreign investors to the exchange of Uzbekistan, it is necessary to create a high-tech trading platform; attract international brokers who will open access to foreign investors; create a legal system that will protect the interests of investors; provide clearing, settlement, registration and depository services. This will require a lot of time and resources.
AIX has already created all these necessary conditions, and the exchange is interested in cooperation with Uzbek companies and investors. AIX promises that Uzbek companies will be able to get on AIX all the same services as on the world’s leading exchanges, but for less money, in a shorter time and easier from the point of view of negotiations due to the similar mentality of our peoples.