On November 4, 2024, Silk Road Fund (SRF) President CAI Xuejun attended the China-Kazakhstan Investment Roundtable chaired by Prime Minister Olzhas Bektenov of Kazakhstan. President CAI also participated in the signing ceremony of cooperation agreements between Chinese and Kazakhstan institutions, and exchanged the Memorandum of Understanding on Establishing Investment Cooperation Framework with Mr.Zhussup Yeralin, CEO of Kazakhstan Investment Development Fund (KIDF) Management Company Ltd. This MOU was signed recently by SRF, the Ministry of National Economy of Kazakhstan and KIDF.

According to the MOU, SRF, the Ministry of National Economy of Kazakhstan and KIDF will develop a framework of comprehensive and long-term cooperation based on the principles of mutual respect, trust and benefit. Leveraging their respective advantages, and in accordance with market principles, international practices and professional standards, SRF, the Ministry of National Economy of Kazakhstan and KIDF will jointly explore investment opportunities in sectors such as infrastructure, renewable energies, logistics and healthcare in Kazakhstan. SRF commits to invest up to RMB 3 billion, while KIDF commits to invest up to 67 billion Kazakhstani Tenge.

The cooperation framework marks another concrete action in the implementation of the China-Central Asia Investment and Financing Platform, which will further deepen investment and financial cooperation between China and Kazakhstan, and promote sustainable development of Kazakhstan and the broader Central Asian region.