As part of the official visit of the Kazakh delegation to Shanghai, Marat Yelibayev, Chairman of the Management Board of Development Bank of Kazakhstan JSC (a subsidiary of Baiterek Holding, hereinafter – DBK, the Bank), took part in a roundtable with high-tech companies of the People’s Republic of China. Following the events, DBK signed five documents aimed at developing cooperation with Chinese partners, attracting financing for the implementation of investment projects in Kazakhstan, and expanding the Bank’s access to the Chinese capital market.
One of the key outcomes was the signing of an agreement between Development Bank of Kazakhstan JSC and China Central Depository & Clearing Co., Ltd. (CCDC) on the provision of services for issuers of free trade zone offshore bonds (FTZ Offshore Bonds). The signing of the agreement will provide the Bank with access to additional liquidity in the Chinese capital market under a more flexible regulatory regime and an expanded investor base, as well as create conditions for strengthening its long-term presence in one of the world’s largest capital markets.
DBK, Qarmet JSC and ACRE also signed an agreement on long-term strategic cooperation for the implementation of an investment project to construct coke oven battery complexes No. 8 and No. 9 and a coke oven gas treatment system. The document is aimed at modernizing the production capacities of the Qarmet metallurgical plant.
DBK and China Development Bank (CDB) concluded a sub-loan agreement under the General Credit Agreement. The funds raised will be directed to financing the construction of a 75 MW combined-cycle power plant in the city of Zhezkazgan by Kazakhmys Energy LLP.
In addition, DBK and Turan Wind Energy LLP signed a memorandum on the financing terms for a project to construct a 1,000 MW wind power plant with the integration of an energy storage system in the Kostanay Region. The document defines the key planned parameters for project financing.
Another outcome was the signing of a memorandum of cooperation between DBK and Dalian Hesheng Holdings Company Ltd on the joint implementation of the investment project of Asia Altyn Dan LLP. The project provides for the construction of a deep grain processing plant with a capacity of 1 million tonnes per year in the Akmola Region.
The business program of the Head of DBK in Shanghai included participation in the events of the World Artificial Intelligence Conference (WAIC 2026), as well as working meetings with the management of Bank of Communications (BoCom) and China Central Depository & Clearing Co., Ltd. (CCDC). During the meetings, the parties discussed the establishment and development of long-term partnerships, the expansion of cooperation, and the implementation of joint projects.
