BCC and Sunwah Group Sign Memorandum of Cooperation

On 25 September, as part of the Kazakhstan-China Investment Forum, Bank CenterCredit and Hong Kong-based Corporation Sunwah Group signed the Memorandum of Cooperation. The document formalizes the parties’ intention to develop joint initiatives in the financial, investment, and project-related areas.

The signing was preceded by a roundtable discussion held jointly with Sunwah Group on 24 September at the Bank’s Head Office. 42 representatives of businesses and financial institutions from China and Hong Kong attended this event. Guests were introduced to BCC Group, its key areas of business, and the Group’s companies: BCC Invest, Nomade Invest, BCC Project, and ODEPT. A key highlight of the event was the presentation by Li Xihuan (Larry Li), Managing Director of HKEX, who proposed integrating Kazakhstan’s gold into Hong Kong’s clearing infrastructure and creating a gold-backed digital instrument for cross-border settlements. Additionally, Sunwah Group Chairman Jonathan Choi noted the importance of further developing cooperation between the companies and expressed readiness to implement joint initiatives.

The partnership with Sunwah Group serves as a bridge between BCC Group and the business and financial communities of China and Hong Kong, creating new opportunities for joint projects across Asian markets.

Background Information

Jonathan Choi (Tsai Kwan-shin), Chairman of Sunwah Group, is a prominent Hong Kong businessman and public figure. He serves as Chairman of the diversified international conglomerate Sunwah Group, Chairman of the Chinese General Chamber of Commerce in Hong Kong, and Standing Committee Member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC).