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The Forum continues to drive trade integration among BRICS+, SCO, EAEU, Caspian region, EU, Middle Eastern, and North African nations, while actively facilitating the development of robust Asia–Europe supply chains.
At the grand opening ceremony, Asset Kanagatov, Deputy Akim of the Zhetysu Region, emphasized the state’s commitment to developing essential infrastructure (gas, roads, and electricity) to ensure a favorable and comfortable business environment.
Bakhytbek Bayseitov, President of the ABRK and Chairman of the Board of Directors of JSC Bank CenterCredit, shared strategic plans for the rollout of the ODEPT digital platform and the expansion of the regional logistics hub to better access the markets of Central and South Asia.
Addressing the forum participants, the President of the FBA EAC, Li Shuobing, highlighted a significant paradigm shift in China-Eurasian cooperation: transitioning from raw material exports to production localization and deep industrial collaboration.
He outlined four promising strategic areas for development: the modernization of energy and industrial capacities, the adoption of stringent environmental standards, automation, and the advancement of cross-border logistics.
To advance these initiatives, Li Shuobing proposed the establishment of a specialized investment fund aimed at mobilizing Chinese capital for key bilateral and multilateral projects. The President of the FBA EAC emphasized that the fund's operations must leverage existing infrastructure and foster direct, reliable business contacts.
As a prime example, he cited the potential of linking the "Khorgos – Eastern Gates" Special Economic Zone (SEZ) with the business districts of Shanghai, as well as the port and industrial zones of Chongqing—specifically, the Xiyong Comprehensive Bonded Zone and the customs port area, which serve as major processing and logistics hubs in western China.
As a practical case supporting these initiatives, Li Shuobing referenced the Eurasian Countries Advanced Manufacturing Cooperation Center, established in Shanghai in 2023, which is tasked with adapting innovative technologies, including robotics and advanced materials.
Furthermore, the President of the FBA EAC identified the creation of a transparent, objective, and comparable credit rating system as a key instrument for mitigating financial risks in cross-border operations.
Concluding his address, Li Shuobing invited his colleagues to continue this vital dialogue at the Moscow Financial and Economic Forum in November, and at the Shanghai Financial and Economic Forum next year.
19 October, 2026
PRESIDENT OF THE FBA EAC, LI SHUOBING, DELIVERED AN ADDRESS AT THE GRAND OPENING OF THE III EURASIAN FINANCIAL AND ECONOMIC FORUM IN KHORGOS
From October 15 to 17, 2026, the III Eurasian Financial and Economic Forum, themed "East – West: Business Without Borders," was held at the Khorgos International Center for Cross-Border Cooperation. Organized with the support of the Association of Banks of the Republic of Kazakhstan (ABRK) and the Financial and Business Association of Euro-Asian Cooperation (FBA EAC), the event brought together over 250 representatives from more than 20 countries, including Kazakhstan, China, Singapore, Egypt, Kyrgyzstan, Uzbekistan, Tajikistan, and Russia.
The Forum continues to drive trade integration among BRICS+, SCO, EAEU, Caspian region, EU, Middle Eastern, and North African nations, while actively facilitating the development of robust Asia–Europe supply chains.At the grand opening ceremony, Asset Kanagatov, Deputy Akim of the Zhetysu Region, emphasized the state’s commitment to developing essential infrastructure (gas, roads, and electricity) to ensure a favorable and comfortable business environment.
Bakhytbek Bayseitov, President of the ABRK and Chairman of the Board of Directors of JSC Bank CenterCredit, shared strategic plans for the rollout of the ODEPT digital platform and the expansion of the regional logistics hub to better access the markets of Central and South Asia.
Addressing the forum participants, the President of the FBA EAC, Li Shuobing, highlighted a significant paradigm shift in China-Eurasian cooperation: transitioning from raw material exports to production localization and deep industrial collaboration.
He outlined four promising strategic areas for development: the modernization of energy and industrial capacities, the adoption of stringent environmental standards, automation, and the advancement of cross-border logistics.
To advance these initiatives, Li Shuobing proposed the establishment of a specialized investment fund aimed at mobilizing Chinese capital for key bilateral and multilateral projects. The President of the FBA EAC emphasized that the fund's operations must leverage existing infrastructure and foster direct, reliable business contacts.
As a prime example, he cited the potential of linking the "Khorgos – Eastern Gates" Special Economic Zone (SEZ) with the business districts of Shanghai, as well as the port and industrial zones of Chongqing—specifically, the Xiyong Comprehensive Bonded Zone and the customs port area, which serve as major processing and logistics hubs in western China.
As a practical case supporting these initiatives, Li Shuobing referenced the Eurasian Countries Advanced Manufacturing Cooperation Center, established in Shanghai in 2023, which is tasked with adapting innovative technologies, including robotics and advanced materials.
Furthermore, the President of the FBA EAC identified the creation of a transparent, objective, and comparable credit rating system as a key instrument for mitigating financial risks in cross-border operations.
Concluding his address, Li Shuobing invited his colleagues to continue this vital dialogue at the Moscow Financial and Economic Forum in November, and at the Shanghai Financial and Economic Forum next year.
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