Hong Kong, 4 November 2026 — The Tamchy Special Financial Investment Territory (Tamchy SFIT) proposed the NextFinance Initiative at Hong Kong FinTech Week 2026 to advance international cooperation on developing next-generation financial centres. The initiative aims to bring financial centres across Asia together through knowledge exchange and joint projects, helping them become more adaptive, technologically advanced and responsive to the changing needs of the global economy.

The proposal was presented by Ayaz Baetov, Special Representative of the President of the Kyrgyz Republic, Permanent Representative of the Kyrgyz Republic to the United Nations and First Deputy Chairman of the Tamchy SFIT Management Council.

NextFinance Initiative seeks to strengthen cooperation among financial centres

“The future of financial centres depends on their ability to adapt to technological change, embrace digital solutions and create an environment where businesses and investors can thrive,” said Baetov. “But no jurisdiction can meet these demands alone. That is why joining forces is essential for developing a shared vision and practical approaches to addressing the challenges of tomorrow.”

Kyrgyzstan and Hong Kong discuss potential financial-sector cooperation

On the sidelines of Hong Kong FinTech Week 2026, Ayaz Baetov met with Joseph Chan, Under Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region. 

The two officials discussed opportunities for cooperation between Kyrgyzstan and Hong Kong in the financial sector. These included strengthening ties between financial institutions and exchanging expertise in financial regulation and technology. 

Joseph Chan also invited Tamchy SFIT to participate in the Asian Financial Forum, scheduled to take place in Hong Kong on 26–27 January 2027.

“We stand ready to partner with Tamchy SFIT in building a financial environment that is well-equipped to meet the challenges of tomorrow,” said Chan. “Hong Kong is committed to sharing its knowledge and expertise, and to strengthening cooperation with Kyrgyzstan and Tamchy SFIT, in the areas of financial services and digital innovation. I am confident that closer collaboration will bring new opportunities for both sides.”

Tamchy SFIT expands its visibility in Hong Kong

As part of its efforts to raise international awareness, around 1,500 Tamchy SFIT-branded taxis will operate across the streets of Hong Kong. The campaign aims to raise the financial centre’s profile in one of Asia’s largest business hubs, home to approximately 7.5 million people.

Contact:

Azat Asambayev, Tamchy SFIT Press Office Representative
tamchysfit.com | + 996 (224) 111116 | press@tamchysfit.com

——————————–

About Tamchy SFIT

Tamchy Special Financial Investment Territory (Tamchy SFIT) is an international financial jurisdiction in the Kyrgyz Republic, operating under a legal framework based on the principles of English common law. 

Resident companies benefit from a special legal and tax regime, including a 0% tax rate for 49 years.  Its institutional framework includes independent financial regulation, an International Dispute Resolution Centre and a fully digital platform for company registration and support. 

The territory spans approximately 6,000 hectares on the northern shore of Lake Issyk-Kul, within walking distance of Issyk-Kul International Airport.

In October 2026, Tamchy SFIT was named the Asia-Pacific winner and global runner-up in the Rising Star category of the Financial Times’ fDi Intelligence Global Free Zones of the Year Awards 2026.

The post Tamchy SFIT Calls for Cooperation to Build the Next Generation of Financial Centres appeared first on Crypto Insider.

Hong Kong, 4 November 2026 — The Tamchy Special Financial Investment Territory (Tamchy SFIT) proposed the NextFinance Initiative at Hong Kong FinTech Week 2026 to advance international cooperation on developing next-generation financial centres. The initiative aims to bring financial centres across Asia together through knowledge exchange and joint projects, helping them become more adaptive, technologically advanced and responsive to the changing needs of the global economy.

The proposal was presented by Ayaz Baetov, Special Representative of the President of the Kyrgyz Republic, Permanent Representative of the Kyrgyz Republic to the United Nations and First Deputy Chairman of the Tamchy SFIT Management Council.

NextFinance Initiative seeks to strengthen cooperation among financial centres

“The future of financial centres depends on their ability to adapt to technological change, embrace digital solutions and create an environment where businesses and investors can thrive,” said Baetov. “But no jurisdiction can meet these demands alone. That is why joining forces is essential for developing a shared vision and practical approaches to addressing the challenges of tomorrow.”

Kyrgyzstan and Hong Kong discuss potential financial-sector cooperation

On the sidelines of Hong Kong FinTech Week 2026, Ayaz Baetov met with Joseph Chan, Under Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region. 

The two officials discussed opportunities for cooperation between Kyrgyzstan and Hong Kong in the financial sector. These included strengthening ties between financial institutions and exchanging expertise in financial regulation and technology. 

Joseph Chan also invited Tamchy SFIT to participate in the Asian Financial Forum, scheduled to take place in Hong Kong on 26–27 January 2027.

“We stand ready to partner with Tamchy SFIT in building a financial environment that is well-equipped to meet the challenges of tomorrow,” said Chan. “Hong Kong is committed to sharing its knowledge and expertise, and to strengthening cooperation with Kyrgyzstan and Tamchy SFIT, in the areas of financial services and digital innovation. I am confident that closer collaboration will bring new opportunities for both sides.”

Tamchy SFIT expands its visibility in Hong Kong

As part of its efforts to raise international awareness, around 1,500 Tamchy SFIT-branded taxis will operate across the streets of Hong Kong. The campaign aims to raise the financial centre’s profile in one of Asia’s largest business hubs, home to approximately 7.5 million people.

Contact:

Azat Asambayev, Tamchy SFIT Press Office Representative
tamchysfit.com | + 996 (224) 111116 | press@tamchysfit.com

——————————–

About Tamchy SFIT

Tamchy Special Financial Investment Territory (Tamchy SFIT) is an international financial jurisdiction in the Kyrgyz Republic, operating under a legal framework based on the principles of English common law. 

Resident companies benefit from a special legal and tax regime, including a 0% tax rate for 49 years.  Its institutional framework includes independent financial regulation, an International Dispute Resolution Centre and a fully digital platform for company registration and support. 

The territory spans approximately 6,000 hectares on the northern shore of Lake Issyk-Kul, within walking distance of Issyk-Kul International Airport.

In October 2026, Tamchy SFIT was named the Asia-Pacific winner and global runner-up in the Rising Star category of the Financial Times’ fDi Intelligence Global Free Zones of the Year Awards 2026.

The post Tamchy SFIT Calls for Cooperation to Build the Next Generation of Financial Centres appeared first on Crypto Insider.

MOSCOW, Russia – Technology exports, high tech, and advanced solutions will be the key theme of the “Made in Russia” international export forum. The high-tech track will shape the business program, from promoting Russian innovations in foreign markets to international cooperation in innovation. The forum is organized by Russian Export Center (REC, VEB.RF Group). It will take place on November 16 at the National Centre RUSSIA in Moscow. Registration is open.

In Vietnam, Made in Russia program already operates as permanent trade infrastructure. The Russian national pavilion in Hanoi, which covers 428 square meters, opened with support from the Russian Ministry of Agriculture and Russian Export Center (REC). Its operator is Nguyen Hong. The pavilion gives exporters warehousing and marketing infrastructure and helps them sign direct contracts. Russian goods are also sold at retail: Made in Russia corners operate in WinMart stores in Hanoi. In April 2026, product sales in the chain rose 20% from March. In August, at the VietFood & Beverage exhibition in Ho Chi Minh City, REC’s national pavilion brought together more than 20 Russian companies and held more than 180 B2B meetings. On October 1–4, the Russian booth at the second Cultures of the World Festival in Hanoi, held under the theme “Converging Heritage, Shaping the Future,” was visited by Russian Ambassador Gennady Bezdetko and Vietnamese Deputy Prime Minister Phạm Thị Thanh Trà.

The 2026 forum program will focus on the priority areas of foreign economic activity. Technology exports and the promotion of high tech will take center stage: participants will discuss how Russian companies can scale up supplies of knowledge-intensive products, integrate into global value chains, and find partners for joint innovation projects. The program will also address the impact of geopolitical shifts on international trade, the evolution of global supply chains, and mechanisms for developing the export potential of small and medium-sized businesses. Financing for foreign economic activity and the adoption of modern digital solutions will also be in focus.

Direct business meetings between Russian exporters and foreign partners will once again be an important part of the forum. The 2026 forum will bring together representatives of federal and regional authorities, the business community, banks, export support centers, industry associations, and trade groups, as well as foreign delegations, financial institutions, trade and logistics companies, and leading industry exporters. The forum will serve as a platform for active dialogue and exchange of experience among all stakeholders, reaffirming its reputation as the year’s top event for entrepreneurs looking to scale their businesses, start exporting, and find reliable partners.

During the forum, REC will host a Made in Russia exhibition at the National Centre RUSSIA, showcasing the best technology solutions from Russian regions. An interactive zone with cutting-edge products from Russian exporters will be a key component, highlighting the achievements of Russian technology companies. The exhibition will present solutions in key areas of human life and the national economy: medicine, robotics, industry, and IT. In this way, the forum’s high-tech agenda will be brought to life not only in discussions but also in specific products and projects ready to enter international markets.

Last year, the forum drew participants from more than 100 countries. At 18 multi-format events, 140 leading speakers took the floor, including Russian Prime Minister Mikhail Mishustin. The total number of B2B meetings exceeded 500. Online broadcasts of the forum generated more than 6.3 million impressions.

About REC

Russian Export Center (REC, VEB.RF Group) is a state institution that supports non-resource, non-energy exports. It provides companies across various industries with both financial and non-financial assistance at every stage of entering international markets, including under the national project “International Cooperation and Exports.” REC Group includes the Russian Agency for Export Credit and Investment Insurance (EXIAR), Roseximbank, and the REC Export School.

The post High Tech to Be the Main Theme of “Made in Russia” Forum appeared first on Crypto Insider.

Financial Times’ fDi Intelligence ranks Kyrgyzstan’s new financial jurisdiction second worldwide among newly established free zones

Issyk-Kul, Kyrgyzstan – Tamchy Special Financial Investment Territory (SFIT) has ranked first in Asia-Pacific and second globally in the Rising Star category of fDi Intelligence’s Global Free Zones of the Year Awards 2026, becoming the first financial hub from Central Asia to win. 

The judging panel highly praised Tamchy SFIT’s long-term strategy for attracting residents across its priority sectors. The judges also highlighted the jurisdiction’s extensive package of business incentives, including a zero corporate income tax rate for 49 years and unrestricted profit repatriation.

fDi Intelligence is the Financial Times’ specialist division for foreign direct investment (FDI). Its annual Global Free Zones of the Year Awards benchmark free zones around the world across a number of key categories.

The Rising Star category, in particular, recognises the strongest newly established zones, judged on their potential, early evidence of investor interest and the strategic advantages they offer investors. 

Ayaz Baetov, First Deputy Chairman of Tamchy SFIT’s Management Council, welcomed the recognition as a significant milestone for the project.

“Being ranked first in Asia-Pacific and second globally so early in Tamchy SFIT’s development is an important international endorsement of our vision. We are creating a next-generation financial jurisdiction that combines the certainty of established international legal practices with the speed, flexibility and digital infrastructure that global businesses increasingly expect”, Baetov said.

Established by law in July 2025, Tamchy SFIT was formally inaugurated by Kyrgyz President Sadyr Japarov on 3 July 2026, less than a year later. Built from the ground up, the jurisdiction operates on the principles of English common law, with its own financial regulator, an International Dispute Resolution Centre and a single-window digital registrar. A special tax regime guarantees a 0% rate on profits, dividends, capital gains and VAT for 49 years, and allows 100% foreign ownership. The model is designed to accommodate a wide range of businesses, from funds, family offices and holding companies to international trading firms, fintech businesses and other innovation-driven enterprises.

The 6,000-hectare territory on the shores of Lake Issyk-Kul is being developed as an integrated ecosystem that brings together business, living and wellness. A Grade A business centre is already operational, offering modern office spaces and meeting facilities. Issyk-Kul International Airport is within walking distance of the business district. Five more buildings, including a second business centre for residents and two office buildings, are expected to be completed by the end of 2026.

The first residents that registered at Tamchy SFIT at its launch included companies from Switzerland, South Korea, Hong Kong, Kazakhstan and the United Arab Emirates. More than 30 further companies are currently completing registration, fully benefitting from the digital one-stop-shop system.

Contact:

Azat Asambayev, Tamchy SFIT Press Office Representative

tamchysfit.com

+ 996 (224) 111116

press@tamchysfit.com

About Tamchy SFIT

Tamchy Special Financial Investment Territory (SFIT) is a new international financial jurisdiction on the shores of Lake Issyk-Kul in the Kyrgyz Republic, inaugurated in July 2026. Built on the principles of English common law, with its own financial regulator, an independent court and a digital one-stop shop, it offers a special tax regime for 49 years and 100% foreign ownership. Positioned at the intersection of the five EAEU economies and the Eurasian corridor, Tamchy SFIT aims to host around 4,000 resident companies and create more than 10,000 jobs by 2035.

The post Tamchy SFIT Named Asia-Pacific’s Top Rising Star in fDi’s Global Free Zones of the Year Awards 2026  appeared first on Crypto Insider.

Financial Times’ fDi Intelligence ranks Kyrgyzstan’s new financial jurisdiction second worldwide among newly established free zones

Issyk-Kul, Kyrgyzstan – Tamchy Special Financial Investment Territory (SFIT) has ranked first in Asia-Pacific and second globally in the Rising Star category of fDi Intelligence’s Global Free Zones of the Year Awards 2026, becoming the first financial hub from Central Asia to win. 

The judging panel highly praised Tamchy SFIT’s long-term strategy for attracting residents across its priority sectors. The judges also highlighted the jurisdiction’s extensive package of business incentives, including a zero corporate income tax rate for 49 years and unrestricted profit repatriation.

fDi Intelligence is the Financial Times’ specialist division for foreign direct investment (FDI). Its annual Global Free Zones of the Year Awards benchmark free zones around the world across a number of key categories.

The Rising Star category, in particular, recognises the strongest newly established zones, judged on their potential, early evidence of investor interest and the strategic advantages they offer investors. 

Ayaz Baetov, First Deputy Chairman of Tamchy SFIT’s Management Council, welcomed the recognition as a significant milestone for the project.

“Being ranked first in Asia-Pacific and second globally so early in Tamchy SFIT’s development is an important international endorsement of our vision. We are creating a next-generation financial jurisdiction that combines the certainty of established international legal practices with the speed, flexibility and digital infrastructure that global businesses increasingly expect”, Baetov said.

Established by law in July 2025, Tamchy SFIT was formally inaugurated by Kyrgyz President Sadyr Japarov on 3 July 2026, less than a year later. Built from the ground up, the jurisdiction operates on the principles of English common law, with its own financial regulator, an International Dispute Resolution Centre and a single-window digital registrar. A special tax regime guarantees a 0% rate on profits, dividends, capital gains and VAT for 49 years, and allows 100% foreign ownership. The model is designed to accommodate a wide range of businesses, from funds, family offices and holding companies to international trading firms, fintech businesses and other innovation-driven enterprises.

The 6,000-hectare territory on the shores of Lake Issyk-Kul is being developed as an integrated ecosystem that brings together business, living and wellness. A Grade A business centre is already operational, offering modern office spaces and meeting facilities. Issyk-Kul International Airport is within walking distance of the business district. Five more buildings, including a second business centre for residents and two office buildings, are expected to be completed by the end of 2026.

The first residents that registered at Tamchy SFIT at its launch included companies from Switzerland, South Korea, Hong Kong, Kazakhstan and the United Arab Emirates. More than 30 further companies are currently completing registration, fully benefitting from the digital one-stop-shop system.

Contact:

Azat Asambayev, Tamchy SFIT Press Office Representative

tamchysfit.com

+ 996 (224) 111116

press@tamchysfit.com

About Tamchy SFIT

Tamchy Special Financial Investment Territory (SFIT) is a new international financial jurisdiction on the shores of Lake Issyk-Kul in the Kyrgyz Republic, inaugurated in July 2026. Built on the principles of English common law, with its own financial regulator, an independent court and a digital one-stop shop, it offers a special tax regime for 49 years and 100% foreign ownership. Positioned at the intersection of the five EAEU economies and the Eurasian corridor, Tamchy SFIT aims to host around 4,000 resident companies and create more than 10,000 jobs by 2035.

The post Tamchy SFIT Named Asia-Pacific’s Top Rising Star in fDi’s Global Free Zones of the Year Awards 2026  appeared first on Crypto Insider.

Financial Times’ fDi Intelligence ranks Kyrgyzstan’s new financial jurisdiction second worldwide among newly established free zones

Issyk-Kul, Kyrgyzstan – Tamchy Special Financial Investment Territory (SFIT) has ranked first in Asia-Pacific and second globally in the Rising Star category of fDi Intelligence’s Global Free Zones of the Year Awards 2026, becoming the first financial hub from Central Asia to win. 

The judging panel highly praised Tamchy SFIT’s long-term strategy for attracting residents across its priority sectors. The judges also highlighted the jurisdiction’s extensive package of business incentives, including a zero corporate income tax rate for 49 years and unrestricted profit repatriation.

fDi Intelligence is the Financial Times’ specialist division for foreign direct investment (FDI). Its annual Global Free Zones of the Year Awards benchmark free zones around the world across a number of key categories.

The Rising Star category, in particular, recognises the strongest newly established zones, judged on their potential, early evidence of investor interest and the strategic advantages they offer investors. 

Ayaz Baetov, First Deputy Chairman of Tamchy SFIT’s Management Council, welcomed the recognition as a significant milestone for the project.

“Being ranked first in Asia-Pacific and second globally so early in Tamchy SFIT’s development is an important international endorsement of our vision. We are creating a next-generation financial jurisdiction that combines the certainty of established international legal practices with the speed, flexibility and digital infrastructure that global businesses increasingly expect”, Baetov said.

Established by law in July 2025, Tamchy SFIT was formally inaugurated by Kyrgyz President Sadyr Japarov on 3 July 2026, less than a year later. Built from the ground up, the jurisdiction operates on the principles of English common law, with its own financial regulator, an International Dispute Resolution Centre and a single-window digital registrar. A special tax regime guarantees a 0% rate on profits, dividends, capital gains and VAT for 49 years, and allows 100% foreign ownership. The model is designed to accommodate a wide range of businesses, from funds, family offices and holding companies to international trading firms, fintech businesses and other innovation-driven enterprises.

The 6,000-hectare territory on the shores of Lake Issyk-Kul is being developed as an integrated ecosystem that brings together business, living and wellness. A Grade A business centre is already operational, offering modern office spaces and meeting facilities. Issyk-Kul International Airport is within walking distance of the business district. Five more buildings, including a second business centre for residents and two office buildings, are expected to be completed by the end of 2026.

The first residents that registered at Tamchy SFIT at its launch included companies from Switzerland, South Korea, Hong Kong, Kazakhstan and the United Arab Emirates. More than 30 further companies are currently completing registration, fully benefitting from the digital one-stop-shop system.

Contact:

Azat Asambayev, Tamchy SFIT Press Office Representative

tamchysfit.com

+ 996 (224) 111116

press@tamchysfit.com

About Tamchy SFIT

Tamchy Special Financial Investment Territory (SFIT) is a new international financial jurisdiction on the shores of Lake Issyk-Kul in the Kyrgyz Republic, inaugurated in July 2026. Built on the principles of English common law, with its own financial regulator, an independent court and a digital one-stop shop, it offers a special tax regime for 49 years and 100% foreign ownership. Positioned at the intersection of the five EAEU economies and the Eurasian corridor, Tamchy SFIT aims to host around 4,000 resident companies and create more than 10,000 jobs by 2035.

The post Tamchy SFIT Named Asia-Pacific’s Top Rising Star in fDi’s Global Free Zones of the Year Awards 2026  appeared first on Crypto Insider.