Baiterek National Managing Holding Expands Strategic Partnership with Leading Financial and Investment Institutions of China

From June 8 to 14, 2025, a delegation of Baiterek National Managing Holding, headed by Deputy Chairman of the Management Board Zhandos Shaikhi, paid a working visit to the People's Republic of China. During the trip, negotiations were held with leading Chinese financial institutions, investment funds, and large corporations in Beijing, Chengdu, and Xiamen.

The delegation included representatives of the Holding’s subsidiaries: Botagoz Abisheva, Deputy Chairman of the Management Board of Development Bank of Kazakhstan JSC, and Gabbas Erzhanov, Deputy Chairman of the Management Board of Qazaqstan Investment Corporation JSC (QIC).

A key part of the visit was negotiations with Chinese partners on the construction of a 160 MW combined cycle gas turbine power plant in the Mangystau Region. The project will be implemented with the participation of QIC through a direct investment fund managed by its subsidiary BV Management LLP (20% share), Mangystau Nuclear Energy Complex LLP (10% share), and the Chinese company Huadian Kazakhstan Energy (70% share). The total project cost exceeds USD 200 million, with the fund’s investment totaling over USD 12 million.

Discussions were also held on the creation of a special trade fund in the crop production sector to support Kazakhstani agricultural producers and strengthen export potential. The target size of the fund is expected to range from USD 100 million to USD 500 million, with QIC participating as a partner with up to 49% ownership, and BV Management Ltd. acting as the management company.

In Beijing, key meetings were held with the leadership of China Export & Credit Insurance Corporation (SINOSURE), China Development Bank, China Investment Corporation (CIC), and China Construction Bank. The parties discussed prospects for expanding financing and insurance coverage of investment projects in Kazakhstan, the development of joint investment mechanisms, and the potential implementation of infrastructure and industrial initiatives.

In Chengdu, meetings were held with large industrial and agro-industrial corporations Minyoun Group and Dekon Food & Agriculture Group to discuss cooperation in agriculture, biotechnology, and hospitality.

The final stage of the visit included negotiations in Xiamen with companies Xiangyu and ITG on joint initiatives in logistics, and the export and import of products.

“Financial and economic cooperation between Kazakhstan and China is gaining momentum and reaching a new level. We see strong trust and interest in new joint projects. Baiterek Holding is ready to serve as a link between Kazakhstani enterprises and Chinese partners, creating a sustainable platform for mutually beneficial cooperation,” noted Zhandos Shaikhi.

Following the visit, the parties agreed to continue active cooperation across all areas and to work out specific projects with potential for near-term implementation.