Contacts with foreign stock exchanges to attract investments to Kyrgyzstan
Establishment of close contacts with large foreign stock exchanges could contribute to attracting of foreign investments into Kyrgyz companies, Roman Muraviev, Chairman of board of directors of the Central Asian Stock Exchange (CASE) said, news agency "24.kg" reported.
Cooperation agreements between CASE and the Shanghai Stock Exchange, in particular, in cross listing and experience exchange, have been reportedly reached on January 13 as a part of a working trip of Maksim Bakiev, Chief of the Central Development, Investments and Innovations Agency to China.
"Meeting with official representatives of the Shanghai Stock Exchange is an important step to implementation of projects on placing Kyrgyz companies' securities on the world trading platforms. The meeting resulted in agreements on drawing up of common rules and procedures to prepare Kyrgyz issuers for listing on the Shanghai platform," Muraviev said.
The sides have also coordinated a draft cooperation memorandum to be signed in the nearest future.