This was said immediately by Dr. Wenhua Dai, ex-chairman of the Asia-Pacific Affiliation of Central Depositories (ACG).
Greater than 200 overseas specialists participated within the 26th ACG in Almaty from September 9 to 12, 2024.
This 12 months for the primary time, Kazakhstan acquired the best to carry the twenty sixth ACG Annual Common Assembly in Almaty. It was attended by the representatives of greater than 40 depository, alternate and clearing organizations from around the globe. The organizer was the Central Securities Depository (KCSD). ACG individuals mentioned the topical problems with the fashionable growth of the world’s monetary markets, together with worldwide cooperation, transition to T+1 regime, digitalization of business and plenty of others.
Chairman of KCSD Adil Mukhamejanov emphasised it’s a nice honour to carry such an necessary occasion in Kazakhstan. In keeping with his phrases, the central depositories around the globe are present process necessary modifications now. Thus, new applied sciences are being launched in Kazakhstan, the operational construction of KCSD is being improved, and there is a rise within the high quality and growth of providers for patrons and stakeholders. Nevertheless, efficient transformations, sustainability and threat discount require cooperation with overseas colleagues and the alternate of concepts and expertise, famous Mr. Mukhamejanov.
On September 11, 2024, on the assembly in Almaty, a ceremony was held to delegate authority to Akber Badiuddin, CEO of the Central Depository Firm of Pakistan Restricted as the brand new head of the ACG.
Mohammad Baghestani, CEO of the Central Securities Depository of Iran was additionally elected as the brand new Vice-Chairman of the ACG.
Dr. Wenhua Dai thanked all of the friends and organizers of the convention for collaborating within the occasion and making a terrific contribution to its work. “While it is golden autumn in Almaty, we successfully completed the 26th Annual ACG Conference, thanks to the warm hospitality of our hosts and the beauty of Kazakhstan,” Dr. Wenhua Dai mentioned on the finish of the convention.
“We all have wonderful memories. As we approach the 27th anniversary of the ACG and reflect on the path we have travelled, we see economic wonders in the Asia-Pacific region. This is the development of politics, economics, culture and globalization in Central Asia. The active participation of KCSD in the management of financial infrastructures in the Asia-Pacific region and at the global level shows that Kazakhstan will increasingly attract the attention of the world community in future economic development.”
The honorary friends of the twenty sixth Annual Common Assembly ACG in Almaty have been the heads of the Nationwide Financial institution of Kazakhstan, ARDFM of the Republic of Kazakhstan, Deputy Managing Director of the Worldwide Financial Fund (IMF), heads of the departments of Clearstream, Euroclear, Depository Belief&Clearing Company, China Securities Depository and Clearing Company, Taiwan Depository&Clearing Company, Hong Kong Exchanges and Clearing Restricted, KASE, AIFC, Worldwide Securities Providers Affiliation, PT. Custodian Sentral Efek Indonesia and plenty of different revered specialists.
Sponsors of the occasion: Go to Almaty, Freedom Dealer, Elide Securities, KASE, Tengri Companions, Qanot Make investments, Montran, Eurasian Growth Financial institution, Wanli Stone.
Reference:
ACG is an affiliation of central depositories of the Asia-Pacific area, established in 1997. Its major objective is to cooperate in varied sectors to enhance effectivity in clearing and settlements. KCSD has been a member of the Asia-Pacific Affiliation of Central Depositories for 17 years (since 2007). KCSD is a key infrastructure group of the Kazakh monetary market in post-trading providers and has been offering providers for greater than 25 years. It’s a single centre for recordkeeping for securities possession rights, performs calculations for all alternate and over-the-counter transactions, and supplies entry to worldwide securities programs for native individuals.
As of January 1, 2024, the overall quantity of economic devices in nominal holding in KCSD amounted to KZT 126.61 trillion, a rise of 13.9% over the 12 months. The variety of securities points on depository providers has additionally elevated, amounting to 2,386 points at first of 2024. As of immediately, greater than 3 million brokerage accounts have been registered with KCSD.
