Kazakhstan bank turns to Hong Kong as gateway to offshore renminbi finance
Kazakhstan's Altyn Bank, backed by China Citic Bank, is looking to Hong Kong to tap into the offshore renminbi market for financing. The bank aims to facilitate its clients' issuance of dim sum bonds in Hong Kong, which would provide long-term capital for regional infrastructure and development projects. Altyn Bank seeks to forge partnerships with Hong Kong financial institutions and investors to unlock these new funding avenues. AI
