8th Asia-Pacific New Market Forum held in Khanh Hoa
(VOV) -More than 60 representatives from a number of the Asia-Pacific region’s stock exchanges attended the 8th Asia-Pacific New Market Forum in the central Khanh Hoa province on November 30.
In his speech Deputy Finance Minister Tran Xuan Ha spoke highly of the forum’s important role in promoting stock exchange development and inspiring cooperation, and improving the investment environment in the region’s countries.
He said Vietnam is seeking solutions to forming its stock exchanges into effective and secure channels for mobilising business capital while simultaneously protecting investors’ benefits.
Participants agreed that local stock exchanges are facing daunting challenges arising from the global economic recession and other recent changes.
They shared their experiences in improving the quality of the securities market, especially on behalf of newly established exchanges.
They also discussed development policies, liquidity improvement mechanisms, and ways of accelerating applying business management techniques to operating stock exchanges.
Tokyo Stock Exchange (TSE) Director General Atsushi Saito noted stock exchanges are not only responsible for listing its products but also for ensuring their quality. The interdependence of ASEAN’s stock exchange network demonstrates the regional market’s successful collaboration, particularly when compared to that of other regions.
Ravi Narai—General Director of the National Stock Exchange of India—stressed technology’s crucial role in preventing technical risks and improving liquidity. However, the development of technical applications must coincide with careful scrutiny and continual monitoring to protect the exchanges’ smooth operation.
The Asia-Pacific New Market Forum is an initiative of the Korea Exchange (KRX). It launched in 2001.