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VietNamNews

Eighth Asia-Pacific market forum opens

Update: December, 03/2012 - 11:10

KHANH HOA  (VNS)— More than 60 leading figures from the Asia-Pacific region's stock exchanges attended the 8th Asia-Pacific New Market Forum in Khanh Hoa central province last Friday.

Addressing the event, Deputy Minister of Finance Tran Xuan Ha said the forum played an important role in promoting development of the regional stock market and improving the region's investment environment.

He said Viet Nam was seeking solutions to turn its stock exchanges into effective and secure channels for mobilising business capital, while simultaneously protecting investors' benefits.

Participants agreed that the regional stock exchanges were facing daunting challenges arising from the global economic recession and other recent changes.

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

Other items on the agenda included development policies, liquidity improvement mechanisms, and the application of business administration techniques to operating stock exchanges.

Tokyo Stock Exchange (TSE) Director General Atsushi Saito noted that stock exchanges were responsible for not only listing products but also for ensuring the products' quality.

Meanwhile, Ravi Narain, General Director of the National Stock Exchange of India, stressed technology's crucial role in improving liquidity. However, the development of technical applications must proceed with careful scrutiny and continual monitoring to prevent technical risks and ensure the exchanges' operate smoothly.

Launched in 2001, the Asia-Pacific New Market Forum is an initiative of the Korea Exchange (KRX). — VNS

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