Tashkent hosted the second Town Hall Meeting. It was organized by the Agency for Development of Uzbekistan Capital Market, devoted to discussion of the Strategy development of Uzbekistan capital market for 2020-2025.

Tashkent hosted the second Town Hall Meeting. It was organized by the Agency for Development of Uzbekistan Capital Market, devoted to discussion of the Strategy development of Uzbekistan capital market for 2020-2025. 

The event was attended by representatives of banks, insurance, brokerage organizations and others. 

Director of the Agency Atabek Nazirov shared the conceptual vision of this strategy and noted that there are 603 joint stock companies in Uzbekistan, of which 132 are listed on UZSE Toshkent and occupy 22 percent of the capital market. The share of state participation remains very high – 83 percent, only 2 percent of JSC shares are owned by foreign investors. 99 percent of market are shares and only 1 percent are bonds.

Currently, the Capital Development Agency implements a unified state policy to ensure the smooth functioning and development of all segments of financial market.

The conceptual vision of development strategy of capital market includes the creation of equal conditions to market participants, integration with international financial markets and creation of alternatives to bank credit, elimination of barriers to investment and encouraging investment activity, as well as development of necessary legislative framework.

Capital market reformation will contribute to the growth of market liquidity and will allow to rapidly growing the needs of economy. The agency attracts international experts and plans to open capital markets academy to achieve these objectives.