by Kazakhstan Central Securities Depository announces that the Asia-Pacific Association of Central Securities Depositories (ACG) will hold its Annual General Meeting 9-12th September this year in Almaty, Kazakhstan.
The event will be attended by executives and representatives of about 38 depository, stock exchange, and clearing organizations from different countries, including China, Japan, Korea, Taiwan, India, Iran, Pakistan, Uzbekistan, Mongolia, Indonesia, Vietnam, Nepal, Sri Lanka and others.
Having the ACG Annual Meeting this year in Almaty emphasizes that Kazakhstan, which joined this Association in 2007, plays an important role in the organization as a country representing Central Asia. Holding the 26th Annual Meeting of ACG in 2024 in Kazakhstan positions Kazakhstan as an investment and depository hub in the region, strengthens cooperation with Asia-Pacific countries, and contributes to the development of Kazakhstan’s securities market.
“The choice of Kazakhstan as a venue for ACG indicates strong trust and recognition of our country as a serious player in the region. For us, this event is a chance to announce the opportunities and potential of the Republic of Kazakhstan and increase interest to the whole region of Central Asia”, – commented Adil Mukhamejanov, Chairman of the Management Board of Central Securities Depository JSC.
ACG’s 25th Annual General Meeting, which was held in Da Nang, Vietnam in October 2023, focused on “CSD Initiatives in line with Global Investment Trends”. Yedil Medeu, Deputy Chairman of the Management Board of the Central Securities Depository and Chairman of the WFC participated in the event as the keynote speaker. In his speech at ACG25, he noted that the importance of Asian securities markets in global capital markets had increased. According to the MSCI Emerging Markets Index, four of the five largest emerging markets are located in Asia.
“Kazakhstan, situated at the crossroads of Asia and Europe, is primarily located within the boundaries of the Asian continent. We proudly position ourselves as the largest economy in the Central Asian region and the only country in this territory that has an investment grade sovereign credit rating. We are also proud to be part of a growing Asia,” – shared Y. Medeu.
Yedil Medeu has also emphasized that Kazakhstan Central Securities Depository is noticing the growing interest of local and foreign investors to Asian capital markets. For this reason, the Central Securities Depository is planning to focus on strengthening cooperation with Asian capital markets and central securities depositories.
It is expected that hosting the ACG in Almaty this year will contribute to the development of the securities markets in the region, as well as strengthen economic and financial ties between countries, enhance Kazakhstan’s and Central Asia’s international role in Asia as a whole. Over 150 representatives of the securities market of the Asia-Pacific region will attend the event.
Background information: The Asia-Pacific Association of Central Securities Depositories (ACG) was established in November 1997 to promote the exchange of information and mutual assistance among securities depositories and clearing organizations in the Asia-Pacific region.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Economy Extra journalist was involved in the writing and production of this article.
