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Kazakhstan bank turns to Hong Kong as gateway to offshore renminbi finance

Kazakhstan bank turns to Hong Kong as gateway to offshore renminbi finance
South China Morning Post Thursday 11 June 2026, 00:30 UTC By Jeffie Lam 1 min read
Key Points

A Kazakhstan-based commercial bank backed by China Citic Bank is seeking to collaborate with Hong Kong financial institutions and investors to develop new financing channels for the Central Asian country through the city’s thriving offshore renminbi market. Murat Baisynov, chairman of Altyn Bank, told the South China Morning Post that three clients of the Almaty-headquartered lender were currently exploring the issuance of dim sum bonds in Hong Kong, a trend he expected to continue.

A Kazakhstan-based commercial bank backed by China Citic Bank is seeking to collaborate with Hong Kong financial institutions and investors to develop new financing channels for the Central Asian country through the city’s thriving offshore renminbi market. Murat Baisynov, chairman of Altyn Bank, told the South China Morning Post that three clients of the Almaty-headquartered lender were currently exploring the issuance of dim sum bonds in Hong Kong, a trend he expected to continue. “Hong Kong...
Kazakhstan (LOCATION) Hong Kong (LOCATION) China Citic Bank (ORG) Central Asian (ORG) Murat Baisynov (PERSON) Altyn Bank (ORG) Almaty (LOCATION)
Originally published by South China Morning Post Read original →

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