26th Annual Meeting of Asia-Pacific Central Securities Depository Group in Almaty
The 26th Annual General Meeting of the Asia-Pacific Central Securities Depository Group (ACG) will take place in Almaty, Kazakhstan from September 9 to 12. Over 150 executives and representatives from more than 40 depositories, exchanges, and clearing organizations will attend, according to the Kazakhstan Embassy.
The event is organized by the Kazakhstan Central Securities Depository (KCSD). Participating nations include the US, Europe, China, Japan, South Korea, India, Iran, Pakistan, Mongolia, Indonesia, Vietnam, Nepal, and Sri Lanka, among others.
KCSD Chairman Adil Mukhamejanov stated that hosting this large-scale event will create a unique opportunity to showcase the investment potential of Kazakhstan and the Central Asian region. He added that the event will enhance Kazakhstan’s position as an investment and depository hub.
The meeting will facilitate the integration of Kazakhstan’s and Central Asia’s securities markets with international capital markets, strengthening economic and financial ties among ACG members. Panel discussions will cover topics such as economic growth, digital transformation, and improving service quality in the securities market.
The event will serve as a platform for international cooperation and experience exchange among representatives from various countries, allowing participants to discover the latest trends in the field.
Notably, the Asia-Pacific Central Securities Depository Group (ACG) is an association of central securities depositories in the Asia-Pacific region, established in 1997 to improve the efficiency of clearing and settlements. KCSD has been a member of ACG since 2007.
Doubts Revealed
Kazakhstan -: Kazakhstan is a country in Central Asia. It is the world’s largest landlocked country and the ninth largest in the world.
Almaty -: Almaty is the largest city in Kazakhstan. It used to be the capital of Kazakhstan until 1997.
Asia-Pacific Central Securities Depository Group (ACG) -: The Asia-Pacific Central Securities Depository Group (ACG) is an organization that brings together companies that keep records of who owns stocks and bonds in the Asia-Pacific region.
Kazakhstan Central Securities Depository (KCSD) -: The Kazakhstan Central Securities Depository (KCSD) is a company in Kazakhstan that keeps track of who owns stocks and bonds in the country.
executives -: Executives are people who have important jobs in companies, like managers or directors. They make big decisions for the company.
depositories -: Depositories are places or companies that keep records of who owns stocks and bonds. They help make sure that trades are done correctly.
investment potential -: Investment potential means how good a place is for putting money into businesses or projects to make more money in the future.
economic ties -: Economic ties are connections between countries or companies that involve trade, investment, and other financial activities.
digital transformation -: Digital transformation is the process of using new digital technology to change how businesses work and provide better services.
securities market -: The securities market is a place where people buy and sell stocks, bonds, and other financial products.
