CAREC Institute and Shanghai National Accounting Institute Discuss Opportunities for Promoting Regional Cooperation
On August 4, the CAREC Institute (CI) welcomed a delegation from the Shanghai National Accounting Institute (SNAI) to its headquarters in Urumqi. The meeting, hosted by CI Director Mr. Charymuhammet Shallyyev, Deputy Director Two Dr. Kuat Akizhanov, and division chiefs, focused on strengthening institutional ties and exploring areas for collaboration.
Vice President Dr. Zhang Gexing led the SNAI delegation and introduced SNAI’s expertise as a leading educator and think tank in accounting and finance. Dr. Zhang highlighted SNAI’s role in hosting the Asia-Pacific Finance and Development Institute (AFDI) under the APEC framework, as well as its achievements in developing senior financial professionals through degree programs, executive training, and digital learning. He also emphasized SNAI’s research strengths in fiscal policy, ESG (environmental, social and governance) integration, digital transformation, and MSMEs (micro, small, and medium-sized enterprises) development, which are key areas for CAREC economies. Previous successful collaborations, such as the China-Central Asia Accounting Elite Exchange Program, were cited as examples of effective partnership.
CI leadership, including Director Shallyyev and Deputy Director Two Dr. Akizhanov, emphasized the institute’s commitment to addressing regional challenges through research, capacity building, knowledge sharing, and partnerships. Both sides discussed expanding cooperation through joint training programs, academic degree opportunities for CAREC students at SNAI, co-hosting events, and collaborative research on MSMEs resilience and sustainable finance. They also agreed to cross-promote publications and finalize a Memorandum of Understanding to formalize long-term collaboration.
“By integrating the CAREC Institute’s regional knowledge with SNAI’s technical expertise, we can better equip policymakers and professionals to address complex economic transitions,” said Director Shallyyev. Both institutions will now work together to develop a concrete action plan to translate these discussions into tangible outcomes.