Kazakhstan will host the 26th Annual General Meeting of the Asia-Pacific Association of Central Securities Depositories (ACG), a move aimed at promoting global financial collaboration. The event is scheduled to take place in Almaty next year (2024) and will bring together representatives from 38 depository, stock exchange, and clearing organizations from various countries, including China, Japan, Korea, Taiwan, India, Iran, Pakistan, Uzbekistan, Mongolia, Indonesia, Vietnam, Nepal, and Sri Lanka.
The choice of Almaty as the venue for the ACG Annual Meeting underscores Kazakhstan's growing significance as an emerging investment and depository hub in the region. Adil Mukhamejanov, the Management Board Chair of the Kazakhstan Central Securities Depository, highlighted the trust and recognition of Kazakhstan's role in the region.
“For us, this event is an opportunity to showcase the potential of Kazakhstan and increase interest across the entire Central Asia region,” he said.
The recent 25th ACG Annual Meeting held in Da Nang, Vietnam, featured Yedil Medeu, Deputy Chairman of the Management Board of the Central Securities Depository, as a keynote speaker. Medeu emphasized the importance of Asian securities markets in the global financial landscape.
“We proudly position ourselves as the largest economy in the Central Asian region and the only country in this territory with an investment-grade sovereign credit rating. We are also proud to be part of a growing Asia,” he said.
Kazakhstan aims to strengthen collaborations with Asian markets and central securities depositories, and hosting the ACG Annual Meeting in Almaty in 2024 is expected to stimulate the development of securities markets in the region and enhance economic and financial ties between nations.
With over 150 representatives from the Asia-Pacific securities market set to attend, the event will provide a platform for financial collaboration and the exchange of insights among nations. The ACG, established in 1997, seeks to promote information exchange and mutual assistance among securities depositories and clearing organizations in the Asia-Pacific region.
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