Kazakh sovereign fund urges long-term view on HK listings; KTZ IPO targeted by year-end

Samruk-Kazyna managing director Saltanat Satzhan advises Kazakh firms to prioritize long-term fundraising in Hong Kong and mainland China, signaling a strategic pivot toward Asian capital markets. The fund aims to list state-owned rail operator KTZ in Hong Kong by end-2026, a concrete step in diversifying funding sources. The move reflects Kazakhstan's deepening financial ties with China amid shifting global capital flows.