The International Exchange Forum "The Role of Exchanges in the transformation of financial markets" was held

The International Exchange Forum "The Role of Exchanges in the transformation of financial markets" was held

On November 16, an International Stock Exchange Forum dedicated to the 30th anniversary of the Kazakhstan Stock Exchange KASE was held in Almaty. The main topic of the forum was to increase the role of exchanges in the transformation of financial markets. The event was attended by representatives of the World Federation of Stock Exchanges (WFE), the European Bank for Reconstruction and Development (EBRD), as well as regulators and stock market participants from Turkey, Saudi Arabia, Korea, Greece, Poland, Romania, Great Britain, Russia, Uzbekistan and Kazakhstan.

At the forum, international and Kazakhstani experts discussed topical issues of the development of stock markets, trends in public offerings and IPOs, digitalization of financial services, development and promotion of ESG principles and products in the financial market.

The Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market Madina Abylkasymova made a welcoming speech. She congratulated the Kazakhstan Stock Exchange on its 30th anniversary, noted the significant contribution of KASE to ensuring the sustainable development of the financial sector of the Republic of Kazakhstan and spoke about the main directions of the Agency's work on the development of the Stock market as an effective channel for funding the corporate sector.

"The Agency continues to work on improving the internal liquidity indicators of the market and the development of its infrastructure. The Agency's efforts are focused on 5 key areas: strengthening the investor base (buy-side), expanding the range of high-quality financial instruments (sell–side), digitalizing the industry and introducing the principles of sustainable financing (ESG)," the head of the financial regulator said.

During the plenary discussion "IPO and the potential of retail investors in the development of the capital market", Deputy Chairman of the Agency Maria Khadzhieva noted that Entering the public capital market can be an important step for the development of SMEs. It gives companies access to new sources of financing, increases its recognition and attractiveness to investors.

"To increase the potential of the stock market, it is important to ensure a balanced pricing policy in the financial market, as well as to expand the base of retail and institutional investors to ensure long-term demand for equity and debt instruments," Maria Khadzhieva stressed.

 

External Communications Division

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