Published
03/06/2026, 10:27A meeting was held at the Ministry of Finance of the Kyrgyz Republic between Finance Minister Almaz Baketayev and a Chinese delegation led by Li Xinglong, deputy director of the Financial Committee of the CPC Provincial Committee of Shaanxi Province. One of the key topics of the talks was the creation of a joint investment fund.
The Kyrgyz side proposed considering the formation of an investment fund with the participation of financial institutions from Kyrgyzstan and the Chinese province of Shaanxi. It is expected that the new mechanism could be used to finance small and medium-sized business projects, as well as to support joint economic initiatives.
According to Almaz Baketaev, the development of financial instruments and long-term sources of capital is important for the implementation of infrastructure and investment projects. He noted that cooperation between the countries is actively developing within the framework of the Belt and Road Initiative.
In addition to the investment fund, the parties discussed the development of interbank cooperation, the opening of correspondent accounts in national currencies, and the introduction of financial instruments to service cargo transportation along the China-Kyrgyzstan-Uzbekistan route.
The Chinese delegation also proposed considering the creation of a bilateral financial service mechanism between Shaanxi Province and Kyrgyzstan, including the launch of special credit lines and the expansion of trade finance instruments.
Following the meeting, the parties confirmed their interest in further developing financial cooperation.
