Almaty will host Asia’s largest Finance and Publish-Commerce Occasion
The twenty sixth Annual Common Assembly of the Asia-Pacific Central Securities Depository Group (ACG) will happen in Almaty from September 9 to 12. Organized by the Kazakhstan Central Securities Depository (KCSD), the occasion will deliver collectively over 150 executives and representatives of greater than 40 depositories, change and clearing organizations from the U.S., Europe, China, Japan, South Korea, India, Iran, Pakistan, Mongolia, Indonesia, Vietnam, Nepal, Sri Lanka and different nations world wide.
The Chairman of KCSD, Adil Mukhamejanov said that internet hosting of such large-scale occasion will create а distinctive alternative to showcase the funding potential and views of Kazakhstan and whole Central Asian area.
Adil Mukhamejanov added that the occasion can even improve Kazakhstan’s positioning as an funding and depository hub within the area.
The occasion can even facilitate the mixing of the securities markets of Kazakhstan and Central Asia with the worldwide capital markets, in addition to strengthening of financial and monetary ties between the members of the Affiliation, which is especially related contemplating the rising significance of Asian securities markets globally.
The panel discussions on the twenty sixth Annual Common Assembly of the ACG will cowl the problems of enhancing interplay of securities markets for the financial development, digital transformation and enhancing the standard of companies within the securities market.
The occasion will grow to be a platform for strengthening worldwide cooperation and exchanging expertise among the many representatives of assorted nations. Members can have the chance to find the most recent tendencies within the area.
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ACG is an Affiliation of Central Securities Depositories of the Asia-Pacific area, established in 1997 with the principle purpose of strengthening cooperation in varied sectors to enhance the effectivity of clearing and settlements. KCSD has been a member of the ACG for 17 years (since 2007).
The Central Securities Depository (KCSD) is a key infrastructure group of Kazakhstan’s monetary market within the sphere of post-trading companies and has been offering companies for greater than 25 years. It’s a single heart for recordkeeping of securities possession rights, settlement of all change and over-the-counter transactions. Furthermore, KCSD additionally offers entry to worldwide securities settlement techniques for the native members.
As of January 1, 2024, complete quantity of economic devices in nominal holding of KCSD amounted to KZT 126.61 trillion, recording a rise of 13.9% compared with the earlier yr. The variety of securities points has additionally elevated, amounting to 2,386 points in the beginning of 2024. Up to now, over 3 million brokerage accounts have been registered with KCSD.
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