The Astana Financial Services Authority (AFSA) registered the 200th company with the AIFC. This event coincided with the holding of Astana Finance Days, the annual financial conference that traditionally brings together global experts and government officials, representatives of business and academia in early July.
The geography of registered participants of the AIFC covers more than 20 countries, including Kazakhstan, Russia, Estonia, Latvia, the United Kingdom, Italy, Finland, the USA, China, Hong Kong, Singapore, Malaysia, India, the United Arab Emirates, and Turkey. AIFC participants operate in such areas as banking, stock market, asset management, private banking, Islamic finance, credit rating and others.
The largest companies providing financial and support services include a branch of China Construction Bank (China), Altyn Bank (Kazakhstan), a representative office of China Development Bank (China), Paladigm Capital Pte (Singapore), WOOD and Co. (Czech Republic), Shinhan Investment Corporation (South Korea), Russell Bedford (USA), Renaissance Capital (Cyprus), Analytical Credit Rating Agency (Russia).
Around 25 licensed and accredited market participants – brokers and dealers – from Kazakhstan, China, Russia, South Korea and Europe operate on the AIFC Stock Exchange. More than forty companies provide support services, namely legal, auditing, accounting, consulting and rating services.
In order to become a Participant of the AIFC, it is necessary to register and obtain a license to conduct these or other services. More information about the registration procedure can be found on the AFSA website www.afsa.kz.