Chinese Company to Establish a Bank in Kyrgyzstan

On March 6th, the Chairman of the Cabinet of Ministers of the Kyrgyz Republic, Akylbek Japarov and leadership of the Chinese company Sichuan Hongxinde Equity Investment Fund Management Co. Ltd, met in Bishkek to discuss the establishment of the Post Bank in Kyrgyzstan.

In August 2023, a Memorandum of Cooperation was signed by the open joint-stock company Kyrgyz Pochtasy (Kyrgyz Post) and the Chinese company, followed in January 2024 by both parties signing a framework agreement on the joint investment project.

The opening of the Post…