AIX and Nazarbayev University signed a Memorandum of Understanding to cooperate in the Mining and Financial fields

15 July 2021

Astana International Exchange (“AIX”, “Exchange”) has signed a Memorandum to establish cooperation between the AIX and Nazarbayev University’s Graduate School of Business (NU GSB) and School of Mining and Geosciences (NU SMG).

The Parties intend to cooperate to promote the listing of small and medium-sized mining corporations on AIX, through the creation of a mining resources repository and listing criteria for potential issuers.

It is also planned to develop a Training Trading Platform at NU GSB with ambient visualization of real-time activity on markets and to incorporate market data terminals within the environment.

In addition, AIX and students of NU will conduct joint research which is relevant to both academia and AIX and covers various areas, such as frontier capital markets, design of securities, commodities, market liquidity and sustainability. Students will also get a chance to get information support for their Master thesis projects and participate in internship programs at AIX.

Renat Bekturov, CEO of AIX, stated:

“Collaboration between business and of science represented by two leading Kazakhstani institutions will be highly beneficial as a source of innovation for the country. We will be able to accomplish more and attain greater results by working together to develop new products and services, provide new perspective and give fresh ideas to increase productivity.”

Professor, Dr. Patrick Duparcq, Dean of Nazarbayev University – Graduate School of Business, commented:

“Nazarbayev University is very excited about the partnership and collaboration with the Astana International Exchange. The signed memorandum will allow different schools at NU  to work together with AIX on projects that will combine the know-how of the university with the market access, insights,  and data generated by AIX.”

Reference:

AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details:www.aix.kz

Reference:

The Astana International Financial Centre was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe. The mission of the AIFC is in assisting the sustainable and long-term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region. ”The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.” https://aifc.kz/