Central Securities Depositories from 40 Countries will Meet in Kazakhstan for the First Time
Almaty will host Asia’s largest Finance and Post-Trade Event
The 26th Annual General Meeting of the Asia-Pacific Central Securities Depository Group (ACG) will take place in Almaty from September 9 to 12. Organized by the Kazakhstan Central Securities Depository (KCSD), the event will bring together over 150 executives and representatives of more than 40 depositories, exchange and clearing organizations from the U.S., Europe, China, Japan, South Korea, India, Iran, Pakistan, Mongolia, Indonesia, Vietnam, Nepal, Sri Lanka and other countries around the world.
The Chairman of KCSD, Adil Mukhamejanov stated that hosting of such large-scale event will create а unique opportunity to showcase the investment potential and perspectives of Kazakhstan and entire Central Asian region.
Adil Mukhamejanov added that the event will also enhance Kazakhstan’s positioning as an investment and depository hub in the region.
The event will also facilitate the integration of the securities markets of Kazakhstan and Central Asia with the international capital markets, as well as strengthening of economic and financial ties between the members of the Association, which is particularly relevant considering the growing importance of Asian securities markets globally.
The panel discussions at the 26th Annual General Meeting of the ACG will cover the issues of enhancing interaction of securities markets for the economic growth, digital transformation and improving the quality of services in the securities market.
The event will become a platform for strengthening international cooperation and exchanging experience among the representatives of various countries. Participants will have the opportunity to discover the latest trends in the field.
Reference:
ACG is an Association of Central Securities Depositories of the Asia-Pacific region, established in 1997 with the main goal of strengthening cooperation in various sectors to improve the efficiency 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 organization of Kazakhstan’s financial market in the sphere of post-trading services and has been providing services for more than 25 years. It is a single center for recordkeeping of securities ownership rights, settlement of all exchange and over-the-counter transactions. Moreover, KCSD also provides access to international securities settlement systems for the local participants.
As of January 1, 2024, total volume of financial instruments in nominal holding of KCSD amounted to KZT 126.61 trillion, recording an increase of 13.9% in comparison with the previous year. The number of securities issues has also increased, amounting to 2,386 issues at the beginning of 2024. To date, over 3 million brokerage accounts have been registered with KCSD.
Press contacts: Bersimbay Anel: 8 701 778 2732