Kazakhstan’s AIFC discussing stock-trading links with Shanghai, Hong Kong

May 4, 2026 - 09:39

The Astana International Financial Centre (AIFC) is in active discussions to establish cross-border stock trading links with the Shanghai Stock Exchange and the Hong Kong Exchanges and Clearing. The governor of the AIFC, a special economic zone in Kazakhstan, confirmed that the initial phase of these connections would likely focus on exchange-traded funds (ETFs).

Speaking about the potential partnership, the AIFC governor noted that such links would open new investment channels between Central Asia and two of the world's largest financial hubs. The goal is to create a seamless pipeline for capital, allowing investors in Kazakhstan to access Chinese markets and vice versa, starting with the more manageable and regulated ETF products. This approach is seen as a practical first step before expanding into broader stock trading.

The move is part of a larger strategy by the AIFC to integrate its financial market with major global exchanges. By aligning with Shanghai and Hong Kong, the centre hopes to boost liquidity, attract foreign investment, and modernize its own capital market infrastructure. While no timeline has been set for the launch, the discussions signal a deepening financial relationship between Kazakhstan and China, leveraging the AIFC's unique legal framework based on English common law to attract international participants.