Kazakh firms eyeing Hong Kong, mainland China markets urged to take long-term view

Kazakhstan’s businesses should prioritise long-term fundraising ambitions rather than quick wins in the Hong Kong and mainland Chinese markets, the managing director of the Central Asian country’s sovereign wealth fund has said. Saltanat Satzhan, managing director for development and privatisation at sovereign wealth fund Samruk-Kazyna, said she also aimed to list state-owned rail operator Kazakhstan Temir Zholy (KTZ) in Hong Kong by the end of the year. KTZ, wholly owned by the government...