Abstract: According to the Two-Gap Model,the paper analyzes the Kazakhstan with foreign capital continued massive inflows,although the savings and foreign exchange “Two-Gap Model” gradually turned into “double surplus”,Kazakhstan is still through various investment policies to attract foreign investment.This change does not mean that deviate from the “Two Gap Model”,but because of Kazakhstan is in the process of attracting foreign capital,the technology spillover effect has not been a good release.Although the flows has introduced large enough but the technology content is still insufficient,the paper further through the Kazakhstan investment policy adjustment combing,Kazakhstan has begun to gradually improve the quality of the introduction of foreign capital requirements.This change also puts forward higher requirements on the participation of Kazakhstan investment for Chinese enterprises.

Key words: Kazakhstan, Foreign Investment Policy, Two-Gap Model