Standard Chartered has signed Memorandums of Understanding (MOUs) with the Development Bank of Kazakhstan (DBK) and Hangzhou CIEC Group Co. Limited, strengthening cooperation aimed at supporting cross-border financing, treasury services, and investment flows between Hong Kong and Kazakhstan.

The agreements were signed during a business delegation to Central Asia led by John Lee, Chief Executive of the Hong Kong Special Administrative Region. The delegation, organized by the Hong Kong Trade Development Council, included more than 70 business leaders from Hong Kong and mainland China representing sectors such as finance, logistics, technology, energy, manufacturing, and professional services.

Standard Chartered Signs MOUs With DBK and Hangzhou CIEC

The MOUs were by Mary Huen and senior executives from DBK and Hangzhou CIEC. The partnerships are to leverage Standard Chartered’s international banking network and renminbi (RMB) capabilities to facilitate financing and treasury solutions across the Hong Kong-Kazakhstan corridor.

Huen said the agreements reflect the bank’s commitment to supporting enterprises expanding internationally and deepening economic cooperation between Hong Kong and Central Asia. She highlighted Standard Chartered’s presence across many Belt and Road markets and its role in connecting capital flows between East and West.

DBK Chairman Marat Yelibayev said the partnership creates new opportunities for strengthening financial links between Hong Kong and Kazakhstan. He noted that cooperation could include potential Panda bond and Dim Sum bond issuances, providing additional funding channels for projects and investment initiatives.

Meanwhile, Jiang Lijing described Standard Chartered as a long-term partner in the company’s international expansion. He said the bank has supported the firm with treasury management, financing, settlement services, and risk management solutions as it entered emerging markets.

Under the agreements, Standard Chartered will provide financial services including cash management, financing, treasury solutions, and sustainable finance advisory. The collaboration is going to support the growth of both organizations while strengthening commercial and investment ties between Hong Kong and Kazakhstan.

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