The Chinese mining firm that carried out the first Hong Kong-Kazakhstan dual stock exchange listing after a tough start in the industry could motivate many more initial public offerings (IPOs) by peers who are keen on the Central Asian country’s extensive mineral deposits, a financial official said on Monday.The dual listing of Jiaxin International Resources Investment last year established a “proof of concept”, said Renat Bekturov, governor of Kazakhstan’s Astana International Financial Centre, a regional financial hub and special economic zone.To encourage more listings, Bekturov said at the SCMP China Conference Central Asia 2026, the financial centre was aligning its regulatory framework with international practices while increasing efficiency and transparency. He anticipated momentum within two years.“The institutions are there,” he said. “The capital is there. Now the task is scale. Our job is to make the exceptional ordinary.”Jiaxin became the world’s first company to make a dual primary listing in both Hong Kong and the lesser-known exchange in Astana, capital of Kazakhstan.The move raised more than US$150 million for Jiaxin, which is backed by state-owned Jiangxi Copper, and provided a blueprint for mineral companies in Central Asia, including Kazakhstan, to reach capital from China and beyond in a single transaction.