Business

8th Asia-Pacific New Market Forum opens in Khanh Hoa

More than 60 representatives from a number of the Asia-Pacific region’s stock exchanges attended the 8th Asia-Pacific New Market Forum in Khanh Hoa central province on November 30.
More than 60representatives from a number of the Asia-Pacific region’s stockexchanges attended the 8th Asia-Pacific New Market Forum in Khanh Hoacentral province on November 30.

Addressing theevent, Deputy Finance Minister Tran Xuan Ha said the forum plays animportant role in promoting the development of the regional stock marketand improving the investment environment in the region’s countries.

He said Vietnam is seeking solutions to turn its stock exchangesinto effective and secure channels for mobilising business capital whilesimultaneously protecting investors’ benefits.

Participants agreed that the regional stock exchanges are facingdaunting challenges arising from the global economic recession and otherrecent changes.

They shared their experiences in improving the quality of the securities market, especially newly established exchanges.

Other items on the agenda included development policies, liquidityimprovement mechanisms, and the application of business administrationtechniques to operating stock exchanges.

TokyoStock Exchange (TSE) Director General Atsushi Saito noted that stockexchanges are responsible for not only listing products but also forensuring the products’ quality.

Ravi Narain, GeneralDirector of the National Stock Exchange of India, stressed technology’scrucial role in improving liquidity. However, the development oftechnical applications must go with careful scrutiny and continualmonitoring to prevent technical risks and protect the exchanges’ smoothoperation.

The Asia-Pacific New Market Forum is an initiative of the Korea Exchange (KRX). It was launched in 2001./.VNA

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