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

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