Bidding yuan/tenge at KASE will have a beneficial impact on the cooperation of Kazakh and Chinese companies - China's central bank

Almaty. September 15. Silkroadnews - Almaty hosted a meeting of deleation of PBOC with representatives of the National Bank of Kazakhstan and the Kazakhstan Stock Exchange (KASE), informed the press service of the Kazakh financial regulator.
"During the visit the sides discussed issues of cooperation in several areas, including foreign exchange regulation in Kazakhstan, cash circulation between Kazakhstan and China, the exchange of information between the National Bank of Kazakhstan and the People's Bank of China. Raised questions about the development of the payment system and mutual settlements between the countries, as well as trading of yuan/tenge, securities and other financial instruments of Kazakhstan Stock Exchange", - said in a statement.
As the president of the Xinjiang branch of the PBOC Guo Jianwei and Deputy Director General of the Department of monetary policy of the People's Bank of China Zhou Chengjun, a collaboration between the National Bank of Kazakhstan and the People's Bank of China has a strong base for further development.
According to Guo Jianwei, an increase in the volume of trade turnover between our countries is facilitated by the use of national currencies, investments in settlement transactions. He also noted the significant efforts of the National Bank of Kazakhstan in the field of international relations.
In addition, during the meeting the representatives of the Central Bank of China noted the importance of such a project as the international financial center in Astana.