Kyrgyzstan seeks to raise more funds via HK

Kyrgyzstan is seeking more investment to facilitate its domestic infrastructure development, eyeing Hong Kong as an important gateway to access funds.

Speaking at a roadshow in the city on Monday, Kyrgyzstan's Deputy Minister of Finance Amanbaev Umutzhan Mominovich said that the country hopes to establish connections with more international investment institutions to meet the growing demand domestically for infrastructure development, especially in fields such as green energy.

The roadshow, organized by brokerage firm TF International and China CITIC Bank International, saw a gathering of investors seeking to tap into the high growth opportunities in Central Asian countries.

The under secretary for financial services and the treasury Joseph Chan Ho-lim said Kyrgyzstan's commitment to fostering a transparent and robust financial environment aligns closely with Hong Kong's vision as a leading international financial center.

He noted that as a country participating in the Belt and Road Initiative, Kyrgyzstan is certainly Hong Kong's important trading partner in Central Asia.

"The Belt and Road Initiative has opened new avenues for cooperation and investment, and we believe that our collaboration can yield fruitful results for both our economies," Chan added.

TF International Chief Executive Officer Zou Chuan said Hong Kong is a key hub for the internationalization of Renminbi, facilitating its use in trade and investment.

He added that Hong Kong can play a key role in meeting the demand of Central Asian countries that have high growth potential and seek to raise more funds.

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