Kazakhstan and China to establish joint investment fund

ASTANA. KAZINFORM - "Baiterek" holding has signed a memorandum with the Export-Import Bank of China on the establishment of Kazakh-Chinese investment fund.

The document was inked today at the business council in Astana. Memorandum was signed by the Board chairman of Baiterek National Holding Kuandik Bishimbayev and Vice President of the Export-Import Bank of China Yuan Xingyong.

Participants of the Kazakh-Chinese investment fund is a Sino-Eurasian Economic Cooperation Fund (50%) and Baiterek National Holding JSC (50%).

The Fund intends to invest in such areas of Kazakhstan's economy as infrastructure, mining, manufacturing industries, energy, logistics, agriculture, information technology and others.