Kyrgyz firms show interest in Hong Kong Stock Exchange to expand reach

Kyrgyz firms show interest in Hong Kong Stock Exchange to expand reach

Kyrgyzstan’s economy grows by average of 9% in 3 years as firms eye international investments, says head of Cabinet of Ministers

By Nazir Aliyev Tayfur

BISHKEK, Kyrgyzstan (AA) — Kyrgyz companies have shown interest in the Hong Kong Stock Exchange to expand their reach and enter the global market, the head of the Central Asian nation's Cabinet of Ministers said on Monday.

Speaking at the 18th Asian Finance Forum (AFF) in Hong Kong, Adylbek Kasymaliev said the active participation of Kyrgyz companies in stock trading and bonds contributes to the growth and transparency of the market,

Kasymaliev said that Kyrgyzstan is working toward development like its neighbors in Asia and they place great significance on the opportunity to cooperate with the Hong Kong Stock Exchange for Kyrgyz firms to attain their place in the global market and attract investments.

He mentioned that the Kyrgyz economy grew by an average of 9% in the last three years and that the country’s national budget had tripled over the same period.

Kasymaliev highlighted that digitalization efforts in Kyrgyzstan have aimed to improve the quality of public services, while innovative financial means like “green bonds” have been developed in cooperation with international partners.


*Writing by Emir Yildirim in Istanbul

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