Prime Minister of the Republic of Kazakhstan Olzhas Bektenov held a meeting with Liu Jun, Chairman of the Industrial and Commercial Bank of China (ICBC), to discuss prospects for deepening investment cooperation and attracting long-term financing.

In 2024, bilateral trade between Kazakhstan and China reached a record high of $44 billion. In the first four months of 2025, trade continued to grow, with a 3.4% increase compared to the same period last year. China is currently one of Kazakhstan’s top five investors, with accumulated capital investments totaling $26 billion.

The Prime Minister emphasized that China is a key trade, economic, and investment partner for Kazakhstan.

“The Head of State has set the task of increasing investment inflows into the economy. The Government is actively working to strengthen cooperation with international financial institutions. Kazakhstan and China share a long-standing history of friendship and cooperation, built on personal ties between the leaders of our two nations. We are committed to developing a long-term strategic partnership with ICBC. The implementation of new joint initiatives will further strengthen financial and economic ties between our countries and open new avenues for mutual development,” stated Olzhas Bektenov.

ICBC is represented in Kazakhstan through its subsidiary, the Industrial and Commercial Bank of China in Almaty. During the meeting, ICBC’s support for key sectors of Kazakhstan’s economy was highlighted, including its participation in joint projects with Baiterek Holding.

In March 2025, Baiterek attracted 430 million Chinese yuan in financing for the Agrarian Credit Corporation JSC. This marked an important step toward securing sustainable, long-term financing for Kazakhstan’s agricultural sector.

Currently, discussions are underway to raise an additional loan exceeding 1 billion yuan for the Industrial Development Fund JSC. There are also plans to access China’s debt market through the issuance of bonds worth up to 5 billion yuan.

The Government of Kazakhstan expressed its openness to jointly implementing new instruments, including sustainable and green finance projects, and developing mechanisms to support industry, infrastructure, and export capacity.

Liu Jun emphasized ICBC’s commitment to expanding cooperation and supporting financial system development and innovation. He noted that Kazakhstan and China are well-positioned to strengthen their bilateral relations, particularly through active engagement between their business communities.

At the conclusion of the meeting, both parties reaffirmed their intention to strengthen collaboration on joint project implementation.

#Olzhas Bektenov #The Prime Minister of the Republic of Kazakhstan #International Cooperation #Investments

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