ASTANA, Kazakhstan, September 3. The National Managing Holding “Baiterek,” headed by Yersain Khaitov, held bilateral talks with Chinese banks in Astana to discuss sustainable financing, joint investments, Trend reports.
The discussion was attended by the leadership of China Development Bank (CDB), Bank of China, China Investment Corporation (CIC), and Industrial and Commercial Bank of China (ICBC).
The parties confirmed the priority of sustainable financing of projects in industry, infrastructure, energy, and agriculture. For the Kazakh side, key priorities remain the localization of production, technology transfer, personnel training, adherence to ESG standards, and fair risk distribution.
The negotiations discussed long-term market resources in yuan and dollars, joint investments, settlements in national currencies, as well as preparations for bond placements in China.
Regarding the CDB, prospects for cooperation and the opening of
a credit limit for long-term and project financing were discussed.
Specifically, the provision of a credit line amounting to 5 billion
yuan ($700 million) with potential increase up to 10 billion yuan
($1.4 billion) was considered, including alternatives on interest
rates, terms, currency, and intended use of funds.
Moreover, with the Bank of China, capital market instruments and
settlement tools for infrastructure and industrial projects were
worked out. Cooperation with the Holding’s subsidiaries was noted
to accelerate deal preparation.
With CIC, joint investments, technology localization, and the
launch of pilot projects in Kazakhstan were discussed.
Additionally, the creation of a joint fund “CIC – Central Asia”
involving institutional investors, including the Qazaqstan
Investment Corporation platform, was raised.
Furthermore, the Holding’s delegation participated in the eighth
meeting of the Kazakhstan-China Business Council (KCBC). The KCBC
agenda includes two new steps: a planned agreement on a new loan of
500 million yuan ($70 million) and a memorandum with ICBC Asia,
including the preparation for the issuance of bonds in yuan. The
possibility of issuing Panda or Dim Sum bonds worth up to 5 billion
yuan ($700 million) in 2026 is under consideration.
“Our task is simple and practical: we are building stable channels
for market financing and joint investments that increase the
productivity of Kazakhstan’s economy. We have systematic work with
Chinese institutions; in 2025, we have already expanded yuan
financing and are preparing new deals. The priorities remain
unchanged: localization, technology, personnel training, ESG
standards,” noted Yersain Khamitov at the meeting with ICBC
The holding's assets amounted to approximately $29.5 billion in the second quarter of 2025, with an investment and loan portfolio exceeding $21.5 billion and a net profit of $336.4 million. In 2025, it plans to allocate $14.9 billion to the real sector. These parameters are presented to Chinese partners as a basis for expanding joint projects.
