Hong Kong Chief Executive John Lee led a delegation that secured over 40 partnership agreements in Kazakhstan, with Trade Development Council chairman Frederick Ma predicting at least one Kazakh wealth fund company will list on the Hong Kong stock exchange this year. Ma highlighted Kazakhstan's significant potential, particularly its ongoing privatization of state-owned companies, and emphasized Hong Kong's suitability as a listing venue due to its developed capital market. This optimism follows previous unsuccessful attempts to encourage Kazakh companies to list in Hong Kong, indicating a newfound understanding and readiness among Kazakh businesses to leverage the city's financial infrastructure. The delegation is expected to finalize more deals before proceeding to Uzbekistan.