Hong Kong a boon to Kazakhstan’s advanced manufacturing ambitions, ties to Europe: expert
Hong Kong firms could look to Kazakhstan as a base for advanced manufacturing and as a gateway to Europe, while the city’s robust capital markets could attract businesses in the Central Asian country, a diplomat and business adviser has said. Sabr Yessimbekov, adviser to the chairman of the presidium of the National Chamber of Entrepreneurs of the Republic of Kazakhstan, told the South China…
Hong Kong's robust capital markets and strategic location could serve as an ideal base for Kazakhstan's advanced manufacturing ambitions, according to a diplomat and business adviser. Sabr Yessimbekov, adviser to the chairman of the presidium of the National Chamber of Entrepreneurs of the Republic of Kazakhstan, spoke about this potential during the inaugural China Conference: Central Asia 2026.
Some projects, including raw material processing and industrial production, have already begun as a result of MOUs signed during Chief Executive John Lee Ka-chiu's June visit to Kazakhstan. Notably, tungsten miner Jiaxin International Resources became the first dual-listed company on Hong Kong and Astana's bourses last year. In June, a delegation from Hong Kong and mainland China visited Kazakhstan and Uzbekistan, resulting in 96 deals worth US$1.65 billion.
Since then, a bank from the delegation has provided US$785 million in financing to the Development Bank of Kazakhstan, while a local family office signed an agreement to strengthen cooperation in sustainable energy. Yessimbekov noted that Kazakhstan's business interest in Hong Kong has grown, with some private investment funds exploring the city's capital markets.
The city's connections with the rest of the world are another factor attracting Kazakh businesses. Kazakhstan could act as a platform for manufacturing, processing of raw materials, logistics, and technology, as well as a gateway to other markets. Its businesses aim to move beyond mining to processing raw materials into usable components and manufacturing finished products for export.
Hong Kong would facilitate this process by building industrial plants, producing materials, and exporting to China and Europe. The city's links with mainland China further enhance this potential, making China the market and industrial partner, Hong Kong the financial and professional connector, and Kazakhstan the production and regional platform.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
